"I urge the Home Affairs Ministry to continue this mechanism. I believe this (mechanism) will one day serve as a case study for many countries," he remarked while opening the 2024 Inflation Control Coordination Meeting in Jakarta on Monday.
He emphasized that the key to controlling inflation in the future is food self-sufficiency, both at the national and regional levels.
To that end, the president called for the realization of food self-sufficiency down to the district and sub-district levels, in line with the nation’s local wisdom.
"The key is self-sufficiency—food self-sufficiency in a broad and comprehensive sense. For a long time, each village used to have a food barn. This has become our strategy," Prabowo pointed out.
Highlighting a significant economic achievement, the president praised the nation's success in keeping inflation below three percent, which was especially impressive given global uncertainty.
He noted that this success demonstrates Indonesia's resilience in challenging times.
"I am grateful that our current inflation is below three percent. This is quite an achievement," he said.
Prabowo expressed his optimism that Indonesia can continue to face both economic and global challenges.
The head of state also called on all parties, especially ministries and regional governments, to continue innovating in efforts to control inflation.
"Continue to control it. We are grateful that inflation is under control, but we must keep maintaining it. However, the key is production. We should be responsive and responsible. I believe we can overcome this," he stated.
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Translator: Livia Kristianti, Resinta Sulistiyandari
Editor: Tia Mutiasari
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