Press Statement of President of the Republic of Indonesia after Inspecting Legi Market, Surakarta City, Central Java Province, April 10, 2023

President of the Republic of Indonesia (Joko Widodo)

In general, prices of staple food have dropped. Earlier, I observed that the price of egg has declined from Rp30 thousand to Rp25 thousand, [the price of] shallot has also declined to around Rp26 thousand and Rp25 thousand, and garlic also has declined to Rp24 thousand. What else?

Journalist

What are measures to anticipate rough weather this year?

President of the Republic of Indonesia (Joko Widodo)

Based on observation, it’s the supply. High supply will lead to lower price. If the price goes down, it means the supply is abundant. That’s the theory in economy.

Journalist

(inaudible)

President of the Republic of Indonesia (Joko Widodo)

No, you should ask the vendors directly. [Price of] rice also drops slightly by Rp300-400. If more harvests take place, more grand harvests take place, we expect the price to go down which will eventually bring down inflation at lower rate. That’s all from me.

Journalist

Thank you, Sir.

(RAS/MMB)