VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

President Joko Widodo (Jokowi) said the central and regional governments (Pemda) continued to move to control inflation. Inflation control is carried out by means of a number of measures, including subsidizing transportation costs for commodities with rising prices.

"The government with the governor, regent, and mayor is moving with the transportation costs of goods that have increased, which are closed from the APBD. This will also reduce the increase in the prices of goods and services," the President said in a press statement, Tuesday (10/25/2022).

According to the President, local governments are given the freedom to subsidize the cost of transporting goods through the contingency budget and the General Transfer Fund. The amount is up to two percent.

The President said the policy was very helpful. Therefore, the prices of goods in the market, until today are stable.

The President said that Bank Indonesia also controlled inflation with the 7-Day Reverse Repo Rate benchmark interest rate instrument. According to BI data, the 7-Day Reverse Repo Rate policy rate has been increased by 50 basis points in October 2022 to 4.75 percent. (RRI)