Eid Celebrations in Indonesia Dampen by High Prices, Fewer Travelers

This year's Eid al-Fitr celebrations in Indonesia have been notably subdued due to soaring prices for food, clothing, and essential goods, leading to a decline in consumer spending. The Transportation Ministry reported a 24% drop in travelers, with only 146 million people participating in the traditional 'mudik' homecoming, compared to 194 million last year. The Indonesian Chamber of Commerce and Industry projects that money circulation during Eid will total 137.97 trillion rupiah (approximately $8.33 billion), down from 157.3 trillion last year. This economic strain is further reflected in Bank Indonesia's Consumer Confidence Index, which decreased to 126.4 in February from 127.2 in January. Bhima Yudistira, from the Center for Economic and Law Studies, noted that economic hardships, currency depreciation, and mass layoffs in manufacturing have weakened consumer demand and corporate earnings. Consequently, many families are prioritizing survival needs over holiday celebrations, resulting in a less vibrant festive season.