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commodity prices

BPS noted that deflation in October 2022 was driven by the fall in prices in the volatile price group and the food, beverage and tobacco expenditure group. Food commodities whose prices have fallen include red chilies.

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Decline in Food Commodity Prices Causes Deflation

BPS noted that deflation in October 2022 was driven by the fall in prices in the volatile price group and the food, beverage and tobacco expenditure group. Food commodities whose prices have fallen include red chilies.

Inflation and High Interest Rates

Global inflationary pressures are still high. Central banks raised interest rates again. There may be a global recession and Indonesia must adapt.

Global Recession and Policy Choices

The government must give priority to “what must be done” and not to “what it wants to do.” The situation may put us in a quandary, but we must not go wrong in policymaking.

Maintaining Fiscal Sustainability Amid Global Uncertainty

There is no other choice but to continue to reform the main sources of state revenue. This is the only certainty in maintaining fiscal sustainability.

BI’s Monetary Policy Becomes More Independent

With the decline in the Fed’s influence on the stability of the rupiah exchange rate, BI's monetary policy can focus more on controlling inflation while continuing to encourage national economic recovery.

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Economic Growth toward the End of the Pandemic

If Covid-19 can be overcome faster, economic growth will be higher. With Indonesia having started its vaccination program, which is running quite well, the prospect of overcoming the pandemic will improve.

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