Cabinet Secretariat of the Republic of Indonesia | In response to the deflation figures in the country, President Jokowi emphasizes the importance of price balance. In response to the deflation figures in the country, President Jokowi emphasizes the importance of price balance.

President Joko Widodo (Jokowi) makes a statement to the media team after opening and attending the Nusantara TNI Fun Run 2024 held in the Nusantara Capital Region (IKN), Sunday (6/10/ 2024). (Photo: BPMI Setpes/Vico)

President Joko Widodo (Jokowi) gave his response regarding the deflation figures that the country is experiencing. In his statement to the press, the Head of State stressed the importance of understanding the causes of deflation to ensure that economic conditions remain controlled and stable.

“Let us first try to check whether deflation is due to a fall in the prices of goods, because the supply is good, because the distribution is good, because there are no obstacles in transport or because purchasing power is reduced?” said the President while addressing the media team after opening and participating in the Nusantara TNI Fun Run 2024 held in the Nusantara Capital Region (IKN), Sunday (06/10). /2024).

President Jokowi stressed that deflation and inflation must be properly controlled to maintain price stability that does not harm different parties, from producers to consumers. According to him, a balance between price stability and the ability of producers to continue producing is very important.

“Whatever we call deflation or inflation, both must be controlled so that prices are stable, without harming producers, farmers, fishermen, MSMEs, manufacturers, but also on the consumer side so that prices do not “are not increasing,” the president said.

In the current situation, the President revealed that annual inflation (year on year) is still at a fairly good level, around 1.8 percent. However, he warned that this figure should not be too low so as not to harm producers, particularly farmers and other sectors linked to production.

“Control is what it takes, balance is what it takes. “We currently have annual inflation of around 1.8 percent, which is a good thing, but don't let it go too low so that producers don't suffer losses, so that farmers who produce don't suffer losses,” the President said.

President Jokowi also emphasized that maintaining this balance is not easy. However, the government will continue to strive to ensure lasting price stability to protect both producers and consumers across all economic sectors.

“Maintaining the balance is not easy and we will continue to try,” the president said. (BPMI Setpres/ABD)

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