Govt to Monitor Prices ahead of Christmas Holidays

Ilham wibowo    •    12 November 2018 20:37 WIB
indonesian economy (en)
Govt to Monitor Prices ahead of Christmas Holidays
Illustration (Photo:Medcom/M Rizal)

Jakarta: Trade Minister Enggartiasto Lukita has instructed local governments to monitor prices ahead of Christmas and New Year holidays.

"We will implement monitoring activities. We may cooperate with law enforcement agencies," he told reporters on Monday.

According to the Central Statistics Agency (BPS), the country's year-on-year inflation reached 3.16 percent last month. In addition, the country's year-to-date inflation stood at 2.22 percent in the same month.

"Year-to-date's inflation stood at 2.22 percent and year-on-year's inflation stood at 3.16 percent," BPS chairman Suhariyanto told a press conference last week.

According to him, as many as 66 surveyed cities experienced inflation. On the other hand, the other 16 surveyed cities experienced deflation.

The highest inflation was recorded in Pare-Pare with 2.7 percent, while the lowest inflation was recorded in Cilegon with 0.01 percent.

The highest deflation was recorded in Bengkulu with 0.74 percent, while the lowest deflation was recorded in Tangerang with 0.01 percent.