2016 Inflation Potential to be the Lowest Since 2009

Economics & Macro

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17/10/2016 18:56 WIB

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2016 Inflation Potential to be the Lowest Since 2009

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Inflation Rate 2005-September 2016

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Calendar year 2016 inflation (January-September) reached only 1.97 percent and has the potential to be the lowest since 2009. This achievement is also lower than the same period last year, which was 3.07 percent. Towards the end of the second year of the Jokowi-Jusuf Kalla administration, domestic inflation was well controlled below 2 percent.

Throughout 2014, inflation reached 8.36 percent following the policy of increasing subsidized fuel prices at the beginning of Jokowi's term as the 7th President of Indonesia. However, in 2015, the inflation rate was well controlled at only 3.5 percent.

A number of efforts were undertaken by the Jokowi-JK administration to curb inflation. These include boosting infrastructure development to facilitate and smooth distribution networks, and cooperation with local governments to monitor food stocks through the Regional Inflation Control Team (TPID).

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."