Precise Strategy Needed to Tame Inflation
The increase in fuel prices is expected to erode economic growth this year by 0.28 percentage points to 4.89 percent. Efforts to reduce the impact of price increases are needed so that the burden on society is reduced.
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An elderly man is accompanied and assisted by other residents when he wants to sit down while receiving social assistance money for the transfer of fuel subsidies (BBM) at the Pos Hall RW 01 Gambir Village, Gambir District, Central Jakarta, Friday (2/9/2022).
JAKARTA, KOMPAS — A number of regions have introduced various programs to cope with the impact of the rise in fuel prices on commodity prices. However, there are still a number of obstacles related to data validation of recipients of social assistance and the distribution of funds to those eligible.
The Pontianak city administration in West Kalimantan has established a price monitoring program in an effort to ensure prices remain under control following the increase in fuel prices. The inflation control team continues to monitor commodity price developments.