Work Of The Central And Regional Inflation Control Team Is Assessed As Successful, Goods Prices Are Maintained Ahead Of Eid Al-Fitr

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Coordinating Minister for the Economy Airlangga Hartarto appreciated the solid synergy and coordination of the Central Inflation Control Team and the Regional Inflation Control Team (TPIP/TPID) in controlling volatile food (VF).

According to him, the efforts of the central, regional governments and the inflation control team have successfully mitigated transmission from rising global commodity prices and domestic risks.

"We encourage that important steps continue to be taken to keep inflation's achievements under control," he said through a virtual channel from Purwakarta during the Kick Off of the Java 2023 National Food Inflation Control Movement (GNPIP), Wednesday, April 5.

According to Airlangga, to mitigate the potential increase in food prices and transportation rates in the month of Ramadan and Eid al-Fitr 2023, several programs are being carried out.

"The government is initiating the monitoring of prices for basic commodities, optimizing the implementation of low-cost market/market operations for strategic food commodities, ensuring smooth distribution, and carrying out monitoring synergies for both food and energy," he said.

On the same occasion, the Governor of Bank Indonesia (BI) Perry Warjiyo revealed that his party together with the government also carried out the provision of assistance or transportation subsidies to business actors in order to facilitate the distribution process of goods.

"We have budgeted for transportation costs with the government so that the supply of goods becomes smooth and inflation can be controlled," he explained.

Similarly, the Deputy Governor of West Java, Ruzhanul Ulum, invited all TPID components to work together to control food inflation.

"The Regents/Mayors are also expected to implement this step to increase agricultural products in West Java, among others, through the use of agricultural technology as an effort to strengthen strategic food security in their respective regions," he said.

Meanwhile, GNPIP synergies will continue to be carried out to optimize inflation control measures in the regions, both in terms of supply and production, support national food security, encourage maintained purchasing power, and a sustainable national economic recovery.

To note, the rate of domestic inflation continues to be maintained with a final record of 4.97 percent year on year (yoy) in March 2023. This level is lower than February 2023 which amounted to 5.47 percent.

The government and BI set a target for achieving inflation of 3 percent plus minus 1 percent, which can be achieved starting in the second semester of 2023.