Tamparan Untuk Pemerintah! RI 4 Bulan Deflasi, Sinyal Daya Beli Merosot

CNBC Indonesia
15 Sept 202412:10

Summary

TLDRThe Indonesian Central Statistics Agency (BPS) reported a 0.03% monthly deflation in August 2024, marking the fourth consecutive month of deflation. The year-to-date inflation stands at 0.87%, with food, beverages, and tobacco contributing the most to deflation. Despite a 2.12% annual rise in consumer prices, the continuous deflation signals weakening consumer purchasing power, particularly affecting the middle class. The shrinking middle class, impacted by the COVID-19 pandemic and job losses, is a concern for Indonesia's economy, as this demographic is crucial for economic stability and growth.

Takeaways

  • 📉 The Consumer Price Index (IHK) in Indonesia experienced a deflation of 0.03% in August 2024.
  • 📈 Year-to-date inflation is recorded at 0.87%, while the year-on-year consumer price index is at 2.12%.
  • 🍽️ The largest contributor to deflation is food, beverages, and tobacco with a deflation of 0.52% and a contribution of 0.15%.
  • 🚗 Commodities that contribute to inflation are gasoline and kerosene with an inflation contribution of 0.03% each.
  • 📊 August 2024 saw a monthly deflation of 0.03%, dropping the IHK from 106.09 in July 2024 to 106.06 in August 2024.
  • 📉 The deflation in August 2024 is lower than in July 2024, marking the fourth month of deflation in the year 2024.
  • 📉 The last four months have seen consecutive deflation, a first since 1999, indicating a weakening consumer purchasing power.
  • 🏘️ The middle class in Indonesia is shrinking, which is a concern as they are a significant part of the economy.
  • 💼 The decline in the middle class is attributed to high prices and lifestyle changes, starting from the COVID-19 pandemic in 2020.
  • 🏭 The manufacturing sector is seen as a potential savior for the middle class, offering higher productivity and better income opportunities.

Q & A

  • What was the Consumer Price Index (CPI) deflation rate in Indonesia for August 2024 according to BPS?

    -The deflation rate was 0.03%.

  • What was the year-to-date inflation rate recorded by BPS for Indonesia as of August 2024?

    -The year-to-date inflation rate was recorded at 0.87%.

  • What was the main contributor to deflation in August 2024 in Indonesia?

    -The main contributor to deflation was food, beverages, and tobacco with a deflation rate of 0.52% and a contribution of 0.15%.

  • What commodities contributed to inflation during the same period?

    -Commodities that contributed to inflation were gasoline and kerosene with an inflation contribution of 0.03% each.

  • How did the Consumer Price Index change month-on-month from July to August 2024?

    -The Consumer Price Index decreased from 106.09 in July 2024 to 106.06 in August 2024.

  • What was the year-on-year inflation rate for August 2024 in Indonesia?

    -The year-on-year inflation rate was 2.12%.

  • How does the August 2024 deflation compare to the previous month?

    -The August 2024 deflation was lower than that of July 2024, marking the fourth month of deflation in 2024.

  • What was the longest consecutive months of deflation in Indonesia since the economic reforms?

    -The longest consecutive months of deflation since the economic reforms was 4 months, which occurred in 1999.

  • Why is the shrinking middle class in Indonesia a concern for the government?

    -The shrinking middle class is a concern because it represents a significant portion of the population and their consumption accounts for a large percentage of total consumption, which is crucial for the economy.

  • What factors have contributed to the decline in the Indonesian middle class according to the script?

    -The decline in the Indonesian middle class has been attributed to the COVID-19 pandemic, job losses, and increased living costs, including the need for bottled water.

  • What measures does the Indonesian government need to consider to support the middle class according to the script?

    -The government should consider measures to stabilize the economy, create more formal and productive jobs, especially in the manufacturing sector, to increase productivity and support middle-class purchasing power.

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Étiquettes Connexes
Indonesia EconomyDeflation ImpactConsumer PricesMiddle ClassEconomic TrendsInflation AnalysisPurchasing PowerSocioeconomic ShiftMarket DynamicsFinancial Crisis
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