Governor of Bank Indonesia (BI) invites millennials to eat cassava

Cassava

Indonesia

Published Aug 25, 2022

Tridge summary

Governor of Bank Indonesia (BI) Perry Warjiyo revealed the key to stabilizing food prices which are soaring. "Pricing stabilization is actually how to change the mindset of the people," said Perry at the XXII ISEI Plenary Meeting in Semarang, Central Java, Wednesday (24/8/2022). "How do you eat spring rolls without cayenne pepper, iso ora?" asked Perry. In addition to changing people's habits, Perry reminded of another step, namely food security. One of the things that the BI Governor highlighted was rice. "Rice is the problem with millennials now or we really reduce rice, but switch to wheat, eat bread. Why not switch to cassava, cassava?" Therefore, he hopes that the agricultural sector can develop food security by returning to basic commodities, such as cassava and so on.

Original content

Jakarta, CNBC Indonesia - BI estimates that core inflation and inflation expectations are at risk of rising due to rising prices for non-subsidized fuel oil (BBM) and volatile food inflation, as well as increasing inflationary pressure from the demand side. Overall inflation in 2022 will reach 5.2%, while core inflation is expected to break through to 4.15%. "By the end of this year it could be 4.15% higher, that is core inflation and with that development, CPI inflation is above 5% or 5.24%," Perry explained in the BI RDG release, Tuesday (23/8/2022). This is the reason why BI raised its interest rate to 3.75% in ...

Source: Cnbcindonesia