Video: Rupiah Plummets, These Goods Become More Expensive

The movement of the Rupiah exchange rate has once again weakened against the US Dollar. From the beginning of the year to the present date, or year-to-date, the Rupiah has depreciated by 5.4% against the USD, according to Bank Indonesia Governor Perry Warjiyo. This condition potentially leads to increased import costs, which may exert pressure on domestic consumers, ranging from food commodities to technology products and electric vehicles. This rise in import costs occurs because the majority of our international trade transactions still utilise the US Dollar.