Shrimp puff pastry doubled in price, signaling that inflation is threatening Southeast Asia’s largest economy
“Kerupuk” is a popular dish in Indonesia. It is named after the crunching sound when one bites into the shrimp puff pastry. However, this item will increase in price to 2,000 rupial ($0.14) per bag from May 6 from the current 1,000 rupial price. This is information that has just been reported by the Jakarta Shrimp Association. According to this group, production costs doubled due to high prices of cooking oils and spices forcing manufacturers to raise prices.
Oversea-Chinese Banking Corp.’s economist Wellian Wiranto said: “The increase in the price of shrimp puffs shows that the risk that inflation could hit ordinary people through the most familiar goods. Confusion could happen. out when prices rise abnormally”.
In fact, Indonesia’s inflation situation could worsen as the government raises fuel prices by 40% this month. It can affect the price of gasoline, diesel and gas, which are used in everyday life.
According to Wiranto, inflation risks could make the Central Bank of Indonesia pay attention and possibly raise interest rates. It is expected that this agency will keep the interest rate unchanged at its meeting on April 19 but may start tightening interest rates in May, earlier than market expectations, given that the rate hike will only happen at the end of the year.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
