Jokowi's speech in Indonesia about purchasing power drops becomes real

Published 2021년 9월 2일

Tridge summary

Indonesia's inflation rate in August 2021 was 0.03% compared to the previous month and 1.59% compared to the same month the previous year, as expected. This inflation is attributed to seasonal factors, specifically the start of the new school year. However, the price of food, beverages, and tobacco decreased by 0.32% compared to the previous month, with prices of items such as cayenne pepper, red chili, broiler chicken, spinach, beans, and green mustard falling.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - As expected, Indonesia's inflation rate is still slow. Also, as expected, people's purchasing power is in trouble. The Central Statistics Agency (BPS) announced that inflation in August 2021 was 0.03% compared to the previous month (month-on-month/mtm). Meanwhile, compared to August 2020 (year-on-year/yoy), inflation was 1.59%. This realization is exactly the same as the market consensus compiled by CNBC Indonesia. This slight inflation seems to be caused more by seasonal factors, namely the new school year. August is indeed a new school year at various levels of education, elementary to university. This makes the inflation of the education group soar. On a monthly basis there was 1.2% inflation. Interestingly, the food, beverage and tobacco group actually experienced ...

Source: Cnbcindonesia