Indonesian Food Prices Surge During Christmas and New Year Holiday

Significant Price Increases Across Commodities

The Christmas and New Year holiday season in Indonesia has seen a significant surge in food prices. According to the Indonesian Market Traders Association (IKAPPI), various essential commodities have experienced price hikes. Shallots have increased from Rp 35,000/kg to Rp 40,000/kg, while garlic has risen from Rp 40,000/kg to Rp 50,000/kg.

Impact on Staple Foods

The price of premium rice has also been affected, now selling between Rp 17,000/kg to Rp 18,000/kg, which is above the government's set Highest Retail Price (HET) of Rp 14,900/kg. Medium-quality rice remains below the HET at Rp 11,000/kg to Rp 12,000/kg. Other affected commodities include chicken eggs, which have risen from Rp 29,000/kg to Rp 32,000/kg, and sugar, which has increased from Rp 17,000/kg to Rp 19,000/kg.

Cooking Oil Prices Also on the Rise

Cooking oil, specifically 'Minyakita', is being sold above its HET of Rp 15,700/liter. Traders are selling it for Rp 18,000/liter to Rp 19,000/liter. This price increase is attributed to various market factors, including supply chain disruptions and increased demand during the holiday season.

Market Implications

The price hikes are likely to affect consumer spending patterns during the holiday season. With essential commodities becoming more expensive, households may need to adjust their budgets accordingly. The government may also face pressure to intervene and stabilize prices.