The government will try to maintain CPI inflation rate at around 3.01%
JAKARTA - The government is implementing four strategies to keep inflation in the Consumer Price Index (CPI) at around 3.01% this year. With a maintained inflation rate, economic growth will also improve.
As quoted from the setkab.go.id page on Friday (14/2), Airlangga Hartarto, Coordinating Minister for Economic Affairs stated that the government and Bank Indonesia continued to strengthen their synergy in order to maintain price stability.
The four strategic steps to control inflation are to maintain volatile food inflation in the range of 4.01%, increase the effectiveness of social security programs and distribution of subsidies, strengthen communication synergy, and strengthen central and regional government coordination in controlling inflation.
According to him, the synergy done by Bank Indonesia and the government in 2019 was proven to be able to keep CPI inflation in 2019 at the level of 2.72% year on year (YoY), below the targeted level of 3.51%. (LK/AR)