JAKARTA. Consumers will cut back on shopping, eating out and savings but will maintain spending on necessities like food and health care and increase their energy budget following last week's 44 percent hike in fuel prices. A survey by Kadence Indonesia, a UK-based market research agency, released Wednesday shows how Indonesians will adjust their spending. According to the survey, which involved 500 respondents in Greater Jakarta, Surabaya, Medan, Balikpapan and Makassar, 35 percent said they would spend more on utilities such as water and electricity.
Consumers to shop less as fuel spending rises
JAKARTA. Consumers will cut back on shopping, eating out and savings but will maintain spending on necessities like food and health care and increase their energy budget following last week's 44 percent hike in fuel prices. A survey by Kadence Indonesia, a UK-based market research agency, released Wednesday shows how Indonesians will adjust their spending. According to the survey, which involved 500 respondents in Greater Jakarta, Surabaya, Medan, Balikpapan and Makassar, 35 percent said they would spend more on utilities such as water and electricity.