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View all search resultsRI's consumption to rise 40% during Ramadhan
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
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D
eputy 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)
