BI advises people to shop wisely during Eid


Bank Indonesia (BI) has urged people to shop wisely during Eid this year in order to maintain the stability of commodity prices.

“Shop wisely according to need, and (do) not (buy) excessively,” deputy head of North Kalimantan Representative Office of Bank Indonesia Bambang Irwanto said in Tarakan, North Kalimantan, on Wednesday.

He delivered the statement during a seminar on ‘Education on Wise Expenditures during National Religious Holidays on the Occasion of Eid Al-Fitr 1443 H and Love, Proud to Use, and Understanding Rupiah.’

Irwanto called upon the Family Welfare and Empowerment (PKK) members, civil servants’wives organization (Dharma Wanita), and the Association of City Women’s Organizations Tarakan to promote wise shopping.

The measure is aimed at maintaining the stability of food prices and improving the effectiveness of the monetary policy ahead of Eid this year.

He said he also expected women to encourage their networks and acquaintances to shop wisely.

“These efforts can support the achievement of stable inflation through maintained prices of goods and services, especially during Ramadan this year,” he remarked.

He informed that North Kalimantan’s inflation is projected to be stable within a target range of 3±1 percent in 2022.

“In March 2022, Tarakan city was recorded to experience monthly inflation of 0.52 percent (month to month). This means that the increase in the price of goods and services in Tarakan in March 2022 is 0.52 percent from February 2022,” he elaborated.

This good tiding resulted from the collaboration between Bank Indonesia and Tarakan city government through the Regional Inflation Control Team.

Irwanto also cited public contribution as a big factor in the achievement.

“The inflation rate in Tarakan city is not only influenced by the supply of available commodities, it is also determined by the rate of public demand,” he said.

Source: Antara News