Basket reads “Prices going up”

Soaring inflation resulting from the government’s widely criticised decision to increase subsidised fuel prices is already impacting on household consumption – which contributes around 60% to GDP growth – with the World Bank saying economic growth will fall below 6% for the first time in two years.

The iconic Heros Statue in Jakarta inspired by Indonesia’s independence struggle depicts a peasant man carrying a rifle while a women offers him a dish of rice.