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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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Year-on-year (YoY) inflation in July 2022 was reported at 4.94% or an increase of 0.59% compared to YoY inflation in June 2022. This inflation rate was the highest since June 2017, which was recorded at 4.37%. Month-on-month (MtM) inflation in July 2022 was recorded at 0.64% which was an increase of 0.03% compared to MtM...
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The auspicious progress in the domestic public health situation has transpired into a solid GDP growth of 5.01% (y.o.y) in Q1-2022. In the first half of 2022, Indonesia was in an advantageous position to face the latest global economic turmoil. Thanks to the combination of good policy and good luck, first, a rapid buildup of...
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