What are the Inflation Trends During Ramadan and Eid al-Fitr?

03/07/2017 13:59 WIB

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Ramadan and Idul Fitri Inflation (2013-2017)

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What are the Inflation Trends During Ramadan and Eid al-Fitr?

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Ramadan and Idul Fitri Inflation (2013-2017)

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The Central Statistics Agency (BPS) recorded inflation of 0.69 percent in June 2017. The inflation rate during the 2017 Idul Fitri celebrations was the most controlled in the last four years. In 2014 and 2015, Ramadan and Idul Fitri fell in July, and during that period inflation reached 0.93 percent. Meanwhile, in 2016, the inflation rate during Lebaran (June) reached 0.69 percent.

During Ramadan, the inflation trend was also more controlled than in the previous year. The beginning of Ramadan this year, which fell in May 2017, recorded inflation of 0.39 percent. This figure is lower than the previous three years. Higher inflation was experienced in 2013, reaching 3.29 percent.

BPS Head Suhariyanto explained that this year's much more controlled Lebaran inflation was partly due to various government efforts to suppress food price volatility throughout Ramadan and before Lebaran. This year, the government formed a food task force (satgas pangan) tasked with monitoring price increases in the market.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."