Shoppers in Indonesia feel pinch as imports get pricier

Customers are increasingly picking local products over imported ones, according to hobby shop owner Iwan Setiawan, who sells air rifles in Pasar Baru in North Jakarta. Sales of the rupiah have risen by about 30 per cent in the past month at Dua Sisi,
Sales of the rupiah have risen by about 30 per cent in the past month at Dua Sisi, a money-changer at the Grand Indonesia mall in Jakarta, as people look to cash in on the better exchange rates.ST PHOTO: NUR ASYIQIN MOHAMAD SALLEH
Customers are increasingly picking local products over imported ones, according to hobby shop owner Iwan Setiawan, who sells air rifles in Pasar Baru in North Jakarta. Sales of the rupiah have risen by about 30 per cent in the past month at Dua Sisi,
Customers are increasingly picking local products over imported ones, according to hobby shop owner Iwan Setiawan, who sells air rifles in Pasar Baru in North Jakarta. ST PHOTO: WAHYUDI SOERIAATMADJA

Until recently, sneaker enthusiast Rony Suyanto had no qualms about picking up several pairs of the latest footwear while shopping in Singapore at stores such as Leftfoot or Limited Edt, but he has to be more selective now.

"At the current exchange rates of the rupiah, plus the usual mark-up on collectors' items, I will probably have to pay 10, maybe 20, per cent more now than, say, a year ago," said the 38-year-old IT consultant and Jakarta resident.

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A version of this article appeared in the print edition of The Straits Times on October 02, 2018, with the headline 'Shoppers in country feel pinch as imports get pricier'. Print Edition | Subscribe