JAKARTA (Yosefardi) – Bank Indonesia today released its survey that monthly retail sales index grew by 0.3% month-to-month in October 2013 from -7.4% in September. The year-on-year index also grew 12.8% compared to 12.3% in September 2013.
The sales of all commodities, excluding spareparts and accesories, rose in October. The survey indicates that the increase in consumption still continued in November 2013 with retail sales index growth of 11.3% year-on-year.
Ahead of 2014 election, retail sales for next 6 months until April 2014 will get a pressure for price increase for the sellers, due to the increase on the minimium salary and high rains in early next year which impact on the distribution of goods.