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Thursday, 08 February 2018 21:01

KEIN Appreciates Indonesia’s Performance to Protect Inflation on Staple Food

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Vice Chairman of National Economic and Industrial Committee, Arif Budimanta appreciated the success of the government through Trade Ministry to protect inflation, especially on staple food. The success is in accordance with the hope of the House of representative –DPR which wants the number of the inflation is lower compared with other inflations. Because, the inflation of staple food directly brings about impact on people with middle to lower economic level. This was stated by Arif Budimanta at a public discussion  themed ‘Synergy of Trading Industry based on Commodity, Warehouse Receipt System, and Commodity Auction Market in the Era of Digital Trading in Encouraging National Economic Growth’   which was held in Jakarta on Wednesday (7/2).

 

“…We want to say and to appreciate because we at Committee of National Economy and Industry, the minister are very concerned with the inflation because the inflation does influence our community’s consumption. This influences our purchasing power. And  thanks God (Alhamdulillah), since led by Mr. Enggar, the inflation of staple food is lower compared to other inflations,.” said Arif Budimanta.

 

Furthermore, Arif Budimanta said that the success to protect the inflation of staple food is an extraordinary achievement and the result of the government policy’s instrument which is considered controversial in the market. The data showed that the policy instrument has succeeded in reducing the number of staple food inflation. He also reminded that in the future, there will be trend of rising food prices. The rising food prices are caused by some factors, such as rising production and global prices. On the same occasion, Minister of TradeEnggartiasto Lukita said, the success of keeping inflation in 2017, positive economic growth, and increased ease of doing business is the harmonization of various ministries. (Skr/trans-Yati/RHM)

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