06:38 Video: Dynamics of the Rupiah, Indonesia’s Purchasing Power & Inflation Are Also Threatened? My Money – 23 minutes ago

Jakarta, CNBC Indonesia- Senior Economist, Halim Alamsyah, revealed that based on LPS data, people’s savings under IDR 100 million experienced negative growth during the beginning of the year when inflation was still high.

Meanwhile, in August 2023, TPF growth has improved to 3-4%, supported by government social programs. So now it is important for the government to maintain the momentum of purchasing power recovery through social development programs and election activities.

Meanwhile, regarding the weakening of the Rupiah, Halim sees that it will not have a big impact on purchasing power and inflation. Where changes in inflation dynamics mean exchange rate fluctuations in the short term are expected to have more influence on the money market, not consumption.

How do economists see purchasing power conditions? What is the effect of Rupiah volatility on consumption and inflation levels? For complete details, see Anneke Wijaya’s dialogue with Senior Economist, Halim Alamsyah at Power Lunch,CNBCIndonesia (Friday, 03/11/2023)

Watch live streaming of other CNBC Indonesia TV programs here