Michelle Natalia
"On a monthly basis, retail sales growth accelerated to 3.2% (mtm) after experiencing a contraction one month earlier. The turnaround was primarily attributable to Information and Communication Equipment, Food, Beverages and Tobacco as well as Automotive Fuels on the back of domestic demand, preparations for the Christmas and New Year festive period as well as uninterrupted distribution," he explained.
In terms of prices, the Price Expectations Index (PEI) increases to 133.1 and 137.8 from 131.2 and 133.0 one month earlier. Respondents predict higher prices in April 2024 due to a seasonal spike in price during the holy fasting month of Ramadan and Eid-ul-Fitr. (WHY)
