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ECONOMIC INDICATORS

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.

Recovery Program Should Target the People

This year, Rp 699.43 trillion of the state expenditure totaling Rp 2.75 quadrillion was allocated for the PEN program, which is to be used for financing health, especially the national vaccination rollout.

The Next 10 Years are Crucial

Indonesia’s progress in 2045 will be determined by several economic indicators. The next 10 years will be crucial for successfully realizing the dream of an advanced Indonesia.

Weak Exports Slow Poverty Reduction

Exports declined in the country’s main commodities, rubber and CPO. Natural rubber and rubber product exports fell 21.15 percent yoy during the first semester from $4.11 billion to $3.24 billion. The export volume of CPO dropped 4 percent to 10.24 million tons yoy in January-April.

Food Prices Affect Poverty

The contribution of food commodities to the poverty line is growing. This could cause a slowdown in the race to eliminate poverty. The Central Statistics Agency’s data shows that food commodities contributed 73.31 percent to the poverty line in March 2017, which increased to 73.48 percent in March 2018.

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Consumption, Investment Support GDP Growth

Fall in Consumption Needs to be Further Studied

July Inflation May Indicate Sluggishness

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