Global Situation Affects National Economy

The global price increase has affected global inflation. As a result, the International Monetary Fund (IMF) has revised its inflation projection for this year.

KOMPAS/TOTOK WIJAYANTO

A shallot vendor arranges her items at Pasar Senen Market in Central Jakarta on Monday (4/5/2020). In the past month, the price of shallots have continued to increase to Rp 55,000 per kilogram. Declining supply from shallot-producing areas have resulted in price increases.

The global rise in food and energy prices has begun to affect a number of economic sectors in the country. The government aims to maintain the stability of food prices at the farmer and consumer levels.