JAKARTA: Indonesia's inflation will remain above 5 per cent in the first half of 2023, mainly on high food prices, before falling below 4 per cent in the second half, central bank Governor Perry Warjiyo said on Sunday (Mar 5), warning that the fight to control inflation must continue. 'The game is not over
JAKARTA: Indonesia's inflation will remain above 5 per cent in the first half of 2023, mainly on high food prices, before falling below 4 per cent in the second half, central bank Governor Perry Warjiyo said on Sunday , warning that the fight to control inflation must continue.
"We must control inflation because it relates to people's prosperity and welfare," he said."Let's strengthen synergy amongst stakeholders to control inflation." Prices of food, mainly rice and cooking oil, rose in most provinces during the past month, Perry said, and they are expected to rise further in coming weeks due to high demand ahead of the Muslim fasting month of Ramadan, starting this month and the Eid al-Fitr festival in April.
To help Indonesians deal with inflation, the government will provide social assistance by distributing rice, eggs, and chicken, chief economic minister Airlangga Hartarto said at the Makassar event.
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