Rice Prices Surge in Indonesian Cities During W37, Retailers Struggle to Pass on Increases to Consumers

During W37, the price of rice in various Indonesian cities has continued to increase, with wholesale prices in Jakarta rising by 7 to 8% compared to the previous week. Medium quality rice stood at USD 0.84 to 0.91 per kilogram (kg) (IDR 13,000 to 14,000/kg). However, retailers are unable to pass on the same level of price increase to consumers as the volume of purchases per consumer is declining.