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DPR Minta Gubernur BI Dan Menkeu Serius Atas Lonjakan Inflasi Akibat Naiknya Harga Pangan

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Report by reporter, Dennis Destryawan

JAKARTA – Indonesian House of Representatives Committee XI Member Kamrussamad has called on Bank Indonesia (BI) Governor Perry Warjiyo and Finance Minister Sri Mulyani to take serious steps to overcome the surge in inflation due to rising food prices.

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Based on BI data, food inflation was recorded at 10.47% yoy in July 2022. Therefore, said Kamrussamad, food inflation must fall to the level of 5 at 6%.

“Currently, food inflation has skyrocketed to 10.47%. Even though the BI Governor himself has said that food inflation should not exceed 5 or 6%,” said said Kamrussamad in his statement, Friday (8/12/2022).

Kamrussamad asked BI and the finance minister to take immediate action. Not inclined to surrender saying it cannot be regulated by the government.

“Food inflation is a stomach problem, a people problem, and it cannot be allowed to go on forever,” Kamrussamad said.

In general, he continued, the composition of public spending on food is around 20%. However, in the lower class of society, it can reach 50-60% of the expenditure composition.

“That is, the longer you let it soar, the more people’s purchasing power and welfare will be eroded,” Kamrussamad added.

Kamrussamad stressed the importance of reducing food inflation to the level of 5-6%. There must be monetary action to defeat inflation.

“BI and the finance minister shouldn’t just give up,” Kamrussamad said.

Market operations by local governments suggested by BI will only erode regional finances and will not solve national problems.

In fact, the locus of the current food inflation is globally, which can be overcome not only by fiscal but also monetary policies.

“So, BI and the Minister of Finance are taking action! Do not seem resigned”, he said.

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