Authors : Bambang Sulaksono, Rachma Indah Nurbani, Nina Toyamah, Hariyanti Sadaly, Arran McMahon, Said Abdullah
Newsletter, January, 2017, Final
Globally, the cost of basic food commodities has spiked substantially and unexpectedly since 2007. In Indonesia, the growth in the cost of staple foods in the last few years has demonstrated the intensity of fluctuations, which are increasingly frequent and unforeseen. Aside from seasonal factors such as national holidays and harvest periods which occur each year, food price volatility also occurs because of fuel price policies (which indirectly influence the cost of production and distribution of commodities), trade policies, minimum wages, and other external factors such as global commodity prices and currency values (World Bank Jakarta, 2014; Prastowo, Yanuarti, and Depari, 2008; World Bank Jakarta, 2011).