Indonesia’s inflation could surpass GDP growth
Jakarta (VNA) - Indonesia
could potentially record higher inflation than economic growth in the third
quarter of this year, said Coordinating Minister for Economic Affairs,
Airlangga Hartarto on September 14.
During a central and regional coordination
meeting for inflation control, Hartarto said food prices must be
controlled, especially through food cooperation between regions.
For the last four months of this year,
Indonesia has an inflation target of below 5% for commodities, he informed. This is
based on the inflation in the energy sector, which could range from 1.6 to 2.0 percent.
According to him, an increase in fuel prices
led to the government raising the amount of subsidies.
The minister also asked regional heads to
strengthen cooperation to maintain price stability and improve food security.
He informed that the government has formed a special food agency to
handle food inflation./.