Reviewing WB Forecast
Indonesia is again experiencing deflation, a sign that purchasing power remains weak. The government’s economic stimulus package needs to hit the right target and must be disbursed efficiently.
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A visitor chooses eggs at the Hypermart Tanah Abang retail shopping center, Jakarta, on Thursday (9/24/2020).
Indonesia is again experiencing deflation, a sign that purchasing power remains weak. The government’s economic stimulus package needs to hit the right target and must be disbursed efficiently.
Deflation over three consecutive months, as per the announcement of Statistics Indonesia (BPS) on Thursday (1/10/2020), shows that the negative impacts of the Covid-19 pandemic will continue to persist for a long time. Core inflation, which has continued to fall since March 2020, shows that purchasing power has continued to weaken.