This is how scary it is if purchasing power is further eroded
Jakarta – Indonesia experienced deflation for five consecutive months. Trade Minister Zulkifli Hasan or Zulhas admitted that a decline in purchasing power was the reason for Indonesia to suffer deflation for months. This continued inflation occurred from May-September 2024. The Bureau of Statistics (BPS) noted in May 2024 that deflation was 0.03% per month (mtm). … Read more