Indef Economist: Marking Inflation Becomes A Momentum Bagus Ahead Of Nataru 2023

Illustration (Photo: Doc. Antara)

JAKARTA - Economist from the Institute for Development of Economics and Finance (Indef) Nailul Huda assessed that the decline in inflation in November 2022 will be a good asset ahead of the 2023 Christmas and New Year celebrations (Nataru).

The reason is, the end of the year is synonymous with the increase in prices of various kinds of needs.

"This is quite good capital considering that at the end of the year the prices of needs have started to rise in general. The price of eggs has started to climb," he said, Friday, December 2.

For your information, inflation in November 2022 reached 5.42 percent year on year (yoy). Inflation was lower than in October which was recorded at 5.71 percent.

Food commodities that contributed to inflation in November are broiler eggs, tomatoes, rice, tempeh, raw tofu and shallots.

Nailul said inflation in November 2022 was mainly contributed by the transportation sector compared to the food sector.

"This November inflation is still caused by mass transportation, whose inflation is still at 15 percent. Meanwhile, inflation in food, beverages and tobacco is at 5.87 percent," he said.

Still, Nailul said, the increase in fuel a while ago still left a double impact on the transportation sector.

"So indeed the impact of domino fuel price increases has subsided, but the effect on transportation is still happening today," he said.

Previously, Coordinating Minister for Economic Affairs Airlangga Hartarto said Indonesia's inflation achievement was still under control amid the high inflation trend that was still happening in various countries.

"Like the European Union, inflation is currently recorded at 10 percent (yoy) in November 2022. Then India and the US whose inflation realization was recorded at 6.77 percent (yoy) and 7.7 percent (yoy)," said Airlangga. Nataru's positive impact

Meanwhile, economist from Airlangga University Rudi Purwono said there was a positive impact from Christmas and New Year's holidays on the Indonesian economy.

Where people move, increasing consumption will make the economy rotate even though prices will definitely rise.

"The condition in December, where there is Christmas and New Year. The condition is that people are active, on vacation, will support the process of increasing demand and will drive the economy, the consequences are of course prices are going up and down," said Rudi.

For Rudi, the movement of the community at the Nataru 2023 moment is a good economic driver, and can be enjoyed by all parties.

"The positive side, the economy is moving, but the hopes of a moving economy city are also enjoyed by MSMEs, micro, small and medium enterprises. Not only big businesses. For example, hotels, not just large hotels, inns as well. Potential small food businesses, souvenirs," he said.

However, Rudi reminded producers and entrepreneurs not to play too big a price.

This is to maintain the momentum of growing economic growth.

Rudi also asked the government to continue to maintain the availability of basic commodities ahead of the Nataru holiday.

"We hope that the government will maintain the availability of goods, especially those related to volatile food, for example rice, meat, kitchen spices, cooking oil," he said.

As long as goods are available, continued Rudi, people's purchasing power will also continue to exist.

Regarding inflation in December, he said, inflation could be up to 6 percent. This is a moderate and manageable figure.

"Mobility is starting to get better, starting to travel, leisure, with increased demand, characterized from inflation moving still in corridors that can be controlled by the authorities, namely Bank Indonesia and the government," he said.