Jakarta (ANTARA) - Chairman of House of Representatives Commission XI\nMukhamad Misbakhun stated that inflation control and the protection of\npublic purchasing power must be the top priority of national economic\npolicy, from the lead-up to the holy month of Ramadan through to Eid\nal-Fitr.<\/p>\n
\u201cEvery Ramadan, consumption increases and price pressures can emerge.\nTherefore, the state must be present early, ensuring that policy\ninstruments are working before volatility occurs,\u201d Misbakhun said in\nJakarta on Monday.<\/p>\n
According to him, the seasonal cycle of rising demand for staple\ngoods has become a mappable pattern. Without well-prepared anticipatory\nmeasures, such conditions have the potential to erode public purchasing\npower, particularly among the middle and lower income groups who are\nmost vulnerable to surges in food commodity prices.<\/p>\n
\u201cThose who feel the impact most are ordinary people. If prices of\nrice, sugar or cooking oil rise unreasonably, it directly hits household\nexpenditure. Therefore, food inflation control must be given serious\nattention,\u201d he said.<\/p>\n
He called on Bank Indonesia, the Ministry of Finance, the Financial\nServices Authority (OJK), and the national banking industry to work in\nsynergy to maintain financial system stability. Optimising early\ndetection mechanisms for potential food inflation and strengthening the\nrole of Regional Inflation Control Teams (TPID) are strategic steps that\nmust be activated early.<\/p>\n
\u201cCoordination must not be half-hearted. We want all authorities\nmoving on the same frequency. Do not wait for prices to become volatile\nbefore acting. Our approach must be preventive, not reactive,\u201d he\nsaid.<\/p>\n
Furthermore, he stated that the smooth flow of logistics distribution\nand oversight of market speculation practices must not be neglected. The\nstability of the rupiah exchange rate and the adequacy of banking\nliquidity also determine the smooth running of public economic activity\nduring Ramadan.<\/p>\n
\u201cPrice stability is not merely a statistical figure. This is about\nthe peace of mind of the public in worship and welcoming the festive\nseason. If the economy is stable, business activity in the regions also\nmoves and delivers a positive impact on growth,\u201d he said.<\/p>\n
To that end, he affirmed that the House of Representatives would\ncarry out its supervisory role by intensively monitoring price\ndevelopments, liquidity and policy effectiveness through to the peak of\nEid al-Fitr.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/commission-xi-protecting-purchasing-power-must-be-a-priority-during-ramadan-1771295878", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }