Jakarta (ANTARA) - Bank Indonesia (BI) has continued to strengthen synergy and coordination with all parties, including central and regional governments, to maintain food availability to build food security and control inflation, BI's Senior Deputy Governor Destry Damayanti said.

Everyone should remain alert despite the fact that Indonesia's inflation rate is currently under control, she added during the “Bali and Nusa Tenggara (Balinusra) Food Inflation Control National Movement (GNPIP),” which was streamed online on Wednesday.

This is because of the El Niño weather disturbance forecast in the second half of 2023. Thus, maintaining food availability and security should be a collective consideration and effort, she said.

According to BI, core inflation is expected to remain under control at around three plus minus one percent for the rest of 2023.

It said it is also expecting the consumer price index (IHK) to return to the three plus minus one percent target earlier than the previous estimation.

"Let us collectively maintain inflation because this inflation is not just a monetary phenomenon," Damayanti said.

"This inflation is real and it exists in real economy as well, because of this, let us handle it together and synergize," she added.

According to data provided by Statistics Indonesia (BPS), the IHK in April 2023 was 0.33 percent (month to month).

Annually, the figure was recorded at 4.33 percent (year on year/yoy), a decline from 4.97 percent (yoy) the previous month.

This development is inseparable from the response of BI's pre-emptive and forward-looking monetary policies.

It has also been driven by close synergy in inflation handling by BI and the central government, regional governments, and other strategic partners.

"We appreciate all parties who continue to fight side-by-side in controlling national inflation and also inflation in Bali and Nusa Tenggara," Damayanti said.

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Translator: Martha H S, Fadhli Ruhman
Editor: Rahmad Nasution
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