Food prices remain stable ahead of Eid al-Fitr: Minister

Food prices remain stable ahead of Eid al-Fitr: Minister

Trade Minister Enggartiasto Lukita. (ANTARA/Sella Panduarsa Gareta)

Jakarta (ANTARA) - Trade Minister Enggartiasto Lukita has confirmed that availability and prices of basic commodities will remain stable, and not increase, ahead of Eid-al Fitr-festivities.

"We have monitored food prices and stocks at a number of traditional markets, and also coordinated with the national logistics agency. This is the third year that the availability and prices of basic necessities remain stable," Enggartiasto Lukita said in Jakarta on Monday.

Lukita stated that supply and demand of basic commodities are currently balanced. As a result, inflation is expected to remain under control, and even deflation may occur this month.

The minister was speaking after monitoring food prices and stocks in 34 provinces.

"Deflation occurs when prices remain stable," Enggartiasto Lukita stated.

He suggested that the level of public consumption will increase, because employees receive holiday allowances (THR), and stocks and prices of food remain stable.

"The retail businessman said public consumption has increased," the minister said.

Enggartiasto Lukita praised entrepreneurs and traders who contributed to holding down prices of basic necessities during the fasting month and Eid-al Fitr-festivities.

"Thank you for maintaining prices during the fasting month," the minister said.