Jakarta (VNA) – Indonesia's Central Statistics Agency (BPS) has announced that the country’s inflation rate hit 1.87 percent in 2021.
It was lower than the 2-4 percent target set by the country's central bank but gradually increased since September after the restrictions on movement were eased, the BPS said.
BPS chairman Margo Yuwono ♎said they saw remarkable growth in core inflation in the last three months of the year, indicating an impr✅ovement in people’s purchasing power.
Inflation reached 0.57 percent in December alone, the highest level in the past two years. He attributed it to the fact that people increase spending during Christmas and New Year holidays, mainly on food, beverages and tourism. Specifically, food, beverage and tobacco were the main drivers behind high inflation in December. The items that saw price increase sharply include chili, cooking oil, eggs, chicken, fresh fish and vegetables.
Faisal Rachman, an economist at Bank Mandiri in Jakarta said the monthly and annual inflation rates were 0.53 percent and 1.83 percent higher than forecasts.
The inflation rate is projected at 3.3 percent in 2022, he said.
According to Faisal, consumer prices in the healthcare, information and communication sectors are expected to decrease due to a decline in spending in ꦇthe context of living with🦄 the COVID-19 pandemic situation.
The inflation tends to increase next year, while the easing of restrictions on community activities and a high vaccination record will accelerate the speed of cash flow, he said./.
A report by market research firm NielsenIQ showed that the number of consumers shopping online in Indonesia reached 32 million people in 2021, an increase of up to 88 percent from the previous year.
Indonesia's Ministry of Energy and Mineral Resources has banned coal export from January 1-31 on all exporters holding IUP (Mining Business Licence), IUPK Production (Operation Special Mining Business Licence) and PKP2B (Concession Agreement), informed the Vietnam Trade Office in Indonesia.
Indonesian President Joko Widodo has agreed to allocate 14.1 trillion rupiah (over 985 million USD) for four new schemes within the framework of the 2022 National Economic Recovery Programme.
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Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
