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Athough inflation eased in August 2022, it is still well above BI’s target range and expected to accelerate in the remaining months of 2022 following the fuel price hike. From external side, the Fed’s aggressive move on interest rate hikes, combined with external pressures, will continue to have an adverse impact on emerging markets, including...
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In this edition, the LPEM Newsletter will discuss the entire series of plenary sessions of the T20 Indonesia Summit 2022 in Nusa Dua, Bali. A summary of the six parallel sessions of the T20 Indonesia Summit 2022 organized by LPEM FEB UI is also available in this edition. The six parallel sessions were titled “Fostering...
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Year-on-year (YoY) inflation in August 2022 was reported at 4.69% or a decrease of 0.25% compared to YoY inflation in July2022. Month to Month (MtM) deflation recorded at 0.21%, which was a decrease of 0.84% compared to MtM inflation in July 2022. BPS reported that core inflation and government-regulated prices contributed to inflation by0.24% and...
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Wages can provide an overview of workers’ welfare, especially for informal workers who tend to fluctuate. In July 2022, BPS noted that the wages of rural workers (farmers) and urban workers (construction workers) increased nominally but decreased in real wages. This condition indicates that the purchasing power of workers has decreased compared to last year’s...
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Because of the ongoing volatility in global oil prices, the government decided to improve the fuel subsidy program (BBM). In the midst of various signals to raise subsidized fuel prices, the government announced an additional Rp 24.17 trillion [1] allocation of social assistance. This month’s Trade and Industry Brief examines the impact of global oil...
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A midst a bleak outlook for global growth and elevated inflation level everywhere, Indonesia’s economy has shown a more optimistic attitude in the remainder of the year. The economy grew by 5.44% (y.o.y) in Q2-2022, better-than-expected and well above many consensus. Core inflation remained relatively benign compared to headline inflation, although we projected the trend...
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Welcome to the LPEM Newsletter August 2022 Edition. The LPEM Newsletter is the fruit of thoughts and a summary of the activities of the LPEM FEB UI team. This edition is the third edition and will continue to be published every month. Since 1953, LPEM FEB UI has been actively conducting research, consulting, and training...
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