Head Of BI South Sumatra Calls The Inflation Rate Still Controlled

PALEMBANG - Bank Indonesia (BI) assesses that the inflation rate in South Sumatra is still under control despite movements beyond the target in September 2022.

Head of BI Representative for South Sumatra Province Erwin Soeriadimadja said, although the amount of inflation in 2022 will be higher than in 2021, the central bank ensures that the rate is still under control.

"The movement of inflation until the end of the year will be above the corridor (target)," Erwin said as quoted by Antara, Friday, October 14.

South Sumatra's annual inflation has reached the level of 6.7 percent in September 2022 based on data from the South Sumatra Central Statistics Agency (BPS).

This figure was also recorded above national inflation in the same period, which was 5.95 percent.

Therefore, BI projects that the amount of South Sumatra inflation can again be in the initial corridor in Semester II/2023.

Erwin said the trigger for inflation in September 2022 was the transportation group, due to the increase in fuel oil prices (BBM).

BI as the head of the Regional Inflation Control Team will continue to synergize with TPIP and Regency/City TPID to control inflation based on the 4K inflation control strategy, namely Supply Availability, Price reachability, Smooth Distribution and Effective Communication, and seven programs of the National Food Inflation Control Movement (GBNPIP).

Various efforts have been made, including the implementation of the cheap market, rice market operations in 30 locations since October 2, 2022.

Then, optimize the Mandiri Food South Sumatra Movement, and expand the horticultural commodity land.

Erwin explained that the expansion on the upstream side is for red chili and shallot commodities in production centers, including North Musi Rawas Regency (Muratra), Ogan Ilir, and Ogan Komering Ilir (OKI) gradually until November.

For the remaining two months, TPID will also carry out various activities, such as optimizing Inter-Regional Cooperation (KAD), expanding digital farming implementation both on the upstream and downstream sides.

Then, TPID will continue the implementation of cheap markets and market operations in 17 other regencies/cities in South Sumatra, especially when there is an increase in prices.