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Govt upbeat that prices will stabilize for Ramadhan
Trade Minister Muhammad Lutfi says he is optimistic that the price of staple food items during the Islamic fasting month of Ramadhan, which is predicted to begin on June 28 this year, will be stable
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rade Minister Muhammad Lutfi says he is optimistic that the price of staple food items during the Islamic fasting month of Ramadhan, which is predicted to begin on June 28 this year, will be stable.
"We are optimistic that the prices will be controlled. If there are any increases, they will be between 5 and 10 percent. This is imprtant because we want the farmers and merchants to receive their THR [Idul Fitri bonuses]," Lutfi was quoted by kompas.com as saying in Jakarta on Monday, on the sidelines of a meeting with the Indonesian Chamber of Commerce and Industry (Kadin).
He said the ministry was closely monitoring 14 basic commodities, including both durable and perishable items, to help maintain their prices.
For durable goods, such as clothes, shoes, biscuits and milk, the ministry had asked every retailer to increase their supplies from 30 to 50 percent during Ramadhan, Lutfi said.
"The amount of beef we imported in the first quarter of this year was three times greater than during the first quarter last year. We did this so that we can help control inflation," he added. (nfo)
