Indonesia Maintains Inflation Control Amidst Food Price Stability

Government Reports Positive Economic Indicators

Indonesia's Home Affairs Minister Tito Karnavian reported to President Prabowo Subianto that the country's inflation remains under control at 2.86% year-on-year and 2.1% year-to-date. This positive development was shared during their meeting at the Presidential Palace. The minister highlighted that the inflation figures indicate a well-managed economic situation.

Improvement in Food Sector Stability

The food sector, particularly rice prices, has shown significant improvement. Rice, which was previously considered a problematic commodity, has seen price declines across various regions. Minister Tito attributed this positive trend to the collaborative efforts of multiple government ministries and agencies. The stabilization of rice prices is a crucial factor in maintaining overall inflation control, given rice's significant weight in the average Indonesian household's consumption basket.

Government Coordination and Economic Management

The achievement in controlling inflation and stabilizing rice prices demonstrates the effectiveness of Indonesia's economic management. The coordinated efforts across different government bodies have contributed to this success. The government's ability to maintain low inflation while addressing food security concerns reflects a comprehensive approach to economic governance.