Business · Economy · 1 hr ago

Weak Rupiah Could Raise Costs for Imports and Other Goods in Indonesia

Weak Rupiah Could Raise Costs for Imports and Other Goods in Indonesia

The Indonesian rupiah traded at Rp18,237 per US dollar on Friday, November 13.

When the rupiah weakens, Indonesian importers need more rupiah to pay for goods priced in US dollars.

Those higher costs could be passed on to consumers, though price increases are not guaranteed.

The goods at risk include fuel, phones, laptops, vehicles, spare parts, medicines, medical equipment and imported food.

Imported clothing, industrial materials and some costs for flights or overseas travel could also become more expensive.

People and businesses that rely on imports may face higher costs, but no specific price changes or next steps are given.

2 sources

Related