"Eid Fitr and Inflation"
Well this topic always becomes an annual topic in Indonesia. As majority muslim people in the wodld, we used to celebrate Lebaran (Iedul Fitri) annualy. I do not know, but maybe a try to predict that the annual consumer behaviour in Indonesia before the Islamic celebration's day is different from other countries.
The movement of individual behavior in muslim society almost make such a huge economy activity movement especially in case of inflation. The higher the transaction in market leads the Increasing of Consumer price Index. Every muslim in the world will celebrate "Eid Fitr", but this moment in Indonesia will be unique since several traditions are continously happened from year to year. Some of the traditions are:
The movement of individual behavior in muslim society almost make such a huge economy activity movement especially in case of inflation. The higher the transaction in market leads the Increasing of Consumer price Index. Every muslim in the world will celebrate "Eid Fitr", but this moment in Indonesia will be unique since several traditions are continously happened from year to year. Some of the traditions are:
- Exchanging money to be given to the big family.
- Every part of the department stores in the big city also celebrate this day through giving a big sale for every purchasing. Not only in department store, but also in retail market such as: Tanah Abang, and several International Trade Centers (cempaka mas, kuningan, depok, etc) are crowded by the consumer.This consumer behaviour tendecny such as a habit that occured in every year.
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