Airlangga said that Indonesia's inflation was among the five lowest in the world

Airlangga said that Indonesia's inflation was among the five lowest in the world  Indonesia's inflation, which is relatively well maintained at 5.9 percent, makes Indonesia one of the five countries with the lowest inflation in the world Jakarta (ANTARA) - Coordinating Minister for Economic Affairs Airlangga Hartarto said inflation in September 2022, which was 5.95 percent (yoy), made Indonesia one of the five countries with the lowest inflation in the world.  This achievement was revealed by Airlangga when he met with the Indonesian Ulema Council (MUI) at the MUI Head Office, Jakarta, Tuesday (11/10/2022).  "Indonesia's inflation is relatively controlled at 5.9 percent, making Indonesia one of the five countries with the lowest inflation in the world," said Airlangga in an official statement from the Coordinating Ministry for the Economy in Jakarta, Wednesday.  According to Airlangga, this achievement is extraordinary considering that the world is currently facing The Perfect Storm which occurred due to the COVID-19 pandemic, conflict, climate change, commodity prices .and cost of living.  He explained that Indonesia's relatively low inflation was the result of the synergy and collaboration of all parties in facing global challenges and uncertainties.  The results of synergy and collaboration have also been realized through the achievement of Indonesia's economic growth which was recorded at above five percent and managed to rank second among the G20 member countries.  The government also continues to make efforts related to food security, namely increasing production and diversification through the development of food estates in the medium term.  He said Indonesia currently has a surplus of fertilizers and has even managed to export around two million tons of urea every year.  Meanwhile, rice stocks are relatively safe because Indonesia is able to produce 32 million tons in one year, so it is estimated that it will be self-sufficient in three years. "We depend on imports for wheat," he said. This food security  effort is one of the focuses of the Indonesian G20 Presidency in addition to strengthening the global health architecture, digital-based economic transformation and energy transition. In addition to controlling inflation, encouraging the economy and ensuring food security, the government is also trying to improve the competitiveness of micro, small and medium enterprises (MSMEs).  This increase in MSMEs is accompanied by the development of the halal industry through the use of digitalization considering the government wants to explore the potential of Indonesian MSMEs which are predicted to be the largest in Southeast Asia by 2025. The  Empowerment of halal MSMEs through the use of digital technology will be a major force that has a significant impact on improving the national economy and people's welfare.  Airlangga also encouraged the role of MUI, especially in efforts to increase the growth of MSMEs, one of which was through the ease of halal certification.  "The government is aware that MSMEs are important, so in economic development during the COVID-19 pandemic, the supermicro business is given a ceiling of up to Rp. 10 million," said Airlangga.

Indonesia's inflation, which is relatively well maintained at 5.9 percent, makes Indonesia one of the five countries with the lowest inflation in the world

Jakarta (ANTARA) - Coordinating Minister for Economic Affairs Airlangga Hartarto said inflation in September 2022, which was 5.95 percent (yoy), made Indonesia one of the five countries with the lowest inflation in the world.

This achievement was revealed by Airlangga when he met with the Indonesian Ulema Council (MUI) at the MUI Head Office, Jakarta, Tuesday (11/10/2022).

"Indonesia's inflation is relatively controlled at 5.9 percent, making Indonesia one of the five countries with the lowest inflation in the world," said Airlangga in an official statement from the Coordinating Ministry for the Economy in Jakarta, Wednesday.

According to Airlangga, this achievement is extraordinary considering that the world is currently facing The Perfect Storm which occurred due to the COVID-19 pandemic, conflict, climate change, commodity prices .and cost of living.

He explained that Indonesia's relatively low inflation was the result of the synergy and collaboration of all parties in facing global challenges and uncertainties.

The results of synergy and collaboration have also been realized through the achievement of Indonesia's economic growth which was recorded at above five percent and managed to rank second among the G20 member countries.

The government also continues to make efforts related to food security, namely increasing production and diversification through the development of food estates in the medium term.

He said Indonesia currently has a surplus of fertilizers and has even managed to export around two million tons of urea every year.

Meanwhile, rice stocks are relatively safe because Indonesia is able to produce 32 million tons in one year, so it is estimated that it will be self-sufficient in three years. "We depend on imports for wheat," he said. This food security

effort is one of the focuses of the Indonesian G20 Presidency in addition to strengthening the global health architecture, digital-based economic transformation and energy transition. In addition to controlling inflation, encouraging the economy and ensuring food security, the government is also trying to improve the competitiveness of micro, small and medium enterprises (MSMEs).

This increase in MSMEs is accompanied by the development of the halal industry through the use of digitalization considering the government wants to explore the potential of Indonesian MSMEs which are predicted to be the largest in Southeast Asia by 2025. The

Empowerment of halal MSMEs through the use of digital technology will be a major force that has a significant impact on improving the national economy and people's welfare.

Airlangga also encouraged the role of MUI, especially in efforts to increase the growth of MSMEs, one of which was through the ease of halal certification.

"The government is aware that MSMEs are important, so in economic development during the COVID-19 pandemic, the supermicro business is given a ceiling of up to Rp. 10 million," said Airlangga.
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