Ada TPIP/TPID Dan GNPIP, Bos BI Proyeksi Inflasi Sekitar 3,6 Persen Pada Kuartal III

WASHINGTON - Bank Indonesia (BI) projects that inflation rates will start to fall to below 4 percent starting in the third quarter of 2023. This projection is in line with the target of 3 percent plus minus 1 percent next year.

"We estimate that in the third quarter of next year it could be around 3.6 percent and 3 percent in the fourth quarter," said BI Governor Perry Warjiyo when met on the sidelines of the IMF-WB meeting in Washington DC, USA, quoted by Antara, Wednesday, October 12 local time.

Perry believes that the achievement of the inflation target can be achieved through continuous synergy with the government which has been well established through the Central and Regional Inflation Control Team (TPIP/TPID).

Even BI together with TPIP and TPID have also held a synergy of the National Food Inflation Control Movement (GNPIP) in August 2022 by providing supplies and encouraging production.

The GNPIP program includes implementing simultaneous market operations in 33 cities, expanding trade cooperation agreements between regions, urban framing movements by providing 77,000 chili seeds, and providing facilities for digital farming and greenhouse technology infrastructure in East Java.

In addition, good coordination between fiscal and monetary authorities that has been running well during the handling of the pandemic will also continue in controlling inflation, especially in maintaining people's purchasing power.

"We are grateful that Indonesia has so strong fiscal policies from the government and monetary policies from BI. BI remains independent, but independent in the spirit of interdependence togetherness. We convey this and become the key to the resilience of Indonesia's revival," said Perry Warjiyo.

Previously, BI estimated that the inflation rate until the end of 2022 would increase above 6 percent (yoy) as a result of rising fuel oil prices (BBM) and transportation rates.

However, this increase is still below the global inflation average which can reach around 9 percent due to geopolitical conflicts in Europe which have resulted in an increase in world energy and food prices.