Wednesday, September 27, 2023

Five Provinces Gets Gov’t Attention for Rising Inflation

Lenny Tristia Tambun
August 18, 2022 | 10:21 pm
President Joko Widodo inspects a traditional market in the Central Java town of Magelang on March 30, 2022. (Presidential Press Buerau)
President Joko Widodo inspects a traditional market in the Central Java town of Magelang on March 30, 2022. (Presidential Press Buerau)

Jakarta. The government expressed concern on Thursday that inflation in five provinces on Sumatra Island is rising far higher than the national average in the face of imminent hike in subsidized energy prices that may trigger commodity prices to soar.

The annual inflation was recorded at 4.94 percent in July as people can still buy subsidized gasoline product Pertalite at half a dollar a liter. Still, President Joko “Jokowi” Widodo warned that the consumer price index is especially high in those five provinces.

According to the Central Statistics Agency (BPS), inflation was recorded at 8.55 percent in Jambi, 8.01 percent in West Sumatra, 7.77 percent in Bangka Belitung, 7.04 percent in Ricau, and 6.97 percent in Aceh.

The president urged the local governments to find out the cause of soaring prices in those provinces.


“Please take a look at the details what the real cause of this problem so that we can solve it together and bring the inflation below 5 percent,” Jokowi said during a special meeting on inflation reduction at the State Palace in Jakarta.

“Jambi must be cautious because its inflation already reached 8.55 percent,” he added.

The president claims that staple food prices remain manageable, noting that the average rice price stood at Rp 10,000 per kilogram – less than half the rice price in China.

“Last week we won an award from the International Rice Research Institute for our food security system,” he said.

The Trade Ministry recently launched its affordable cooling oil brand which sells for less than a dollar per liter.

The central government’s intervention to tame inflation has proved costly. State spending on energy subsidies which cover liquefied petroleum gas, electricity for low-income families, and subsidized fuel products is expected to top Rp 502 trillion this year.

The government has indicated that it will raise fuel prices to reduce pressure on the State Budget.

Tags: Keywords:


News 5 hours ago

Prabowo in 'Final Phase' of Selecting Running Mate

Among the three possible candidates for the presidential race, Anies Baswedan was the first to unveil his running mate.
Lifestyle 6 hours ago

Female Officers Prohibited from Dyeing Hair Under New Police Directive

The directive also specifies that female officers are not allowed to adopt a crew-cut hairstyle like their male counterparts.
Business 8 hours ago

Agung Podomoro Sells Neo Soho Mall for Rp 1.4 Trillion

Agung Podomoro claimed the transaction would have no impact on the company's operations and business continuity.
Business 8 hours ago

CPO Producers Indonesia and Malaysia in Talks with India Amid EU Market Restrictions

Indonesia and Malaysia aimed to convey the message that they have long adhered to global standards for sustainable palm oil.
News 10 hours ago

Co-Defendant in Major Graft Trial Implicates Sports Minister Dito

The defendant, businessman Irwan Hermawan, informed the court that he had transferred Rp 27 billion to Dito through a messenger.