The Jakarta Post, Jakarta |
Business | Fri, May 23 2014, 5:05 PM
Deputy
Trade Minister Bayu Krisnamurthi said that consumption in Indonesia would rise
by 40 percent during the upcoming fasting month of Ramadhan, which will begin
on June 28.
"Spending
on transportation, clothes and souvenirs will also increase, not only on
food," Bayu said as quoted by kontan.co.id.
He
said that given many Indonesians would return to their hometown during
Ramadhan, the center of consumption would shift. The capital city would see
decreased consumption while regions across the archipelago would consume more
products.
In
addition, prices of goods before the fasting month were projected to rise
between 4 to 11 percent.
Prices
would increase by between 1 and 3.5 percent between the first day of Ramadhan
and Idul Fitri, he said.
The
ministry is currently strengthening its collaborations with local retailers in
order to maintain the supply of goods, hence stabilizing prices. (nfo)
OPINION
In
my opinion people should be more patient in the face of rising prices, and must
be smart in choosing and bargain items to be purchased. And for the traders
(middlemen) in order not to raise prices at will and not hoard goods. Because
it can be detrimental to consumers. Seen also from Indonesia’s dynamic economy,
it needs the participation of the government in overseeing the distribution of
basic foodstuffs ingredients so that are not stalled. Such as H-7 towards Eid,
trucks carrying foodstuffs experiencing congestion. In this situation the
government should consider a solution that does not happen every year. And so
the government should conduct market operations periodically. So that the
middlemen are not arbitrarily raise the price of basic foods themselves.
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