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As of 2010, the inflation rate was approximately 7%, when its economic growth was 6%. To date, inflation is affecting the Indonesian lower middle class, especially those who are not able to afford food after price hikes. [194] [195] At the end of 2017, Indonesia's inflation rate was 3.61%, or higher than the government-set forecast of 3.0–3.5 ...
Indonesia had a young and inexperienced government, which resulted in severe poverty and hunger. By the time of Sukarno's downfall in the mid-1960s, the economy was in chaos with 1,000% annual inflation, shrinking export revenues, crumbling infrastructure, factories operating at minimal capacity, and negligible investment.
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
Indonesian President Joko Widodo highlighted his economic, infrastructure and development successes in his final state of nation address on Friday, delivered months before he steps down after a ...
In the United States, some Democratic politicians, [57] [58] economists and observers [59] have contended that price gouging and 'greedflation' exacerbated the inflation surge in the United States. [ 57 ] [ 60 ] [ 61 ] They argue that the market concentration that has occurred in recent decades in some major industries, especially retailing ...
Days of torrential rain have brought floods and landslides in Indonesia's province of West Sumatra, forcing the evacuation of more than 70,000 people, while killing at least 19, with seven going ...
Terrorism in Indonesia refer to acts of terrorism that take place within Indonesia or attacks on Indonesian people or interests abroad. These acts of terrorism often target the government of Indonesia or foreigners in Indonesia, most notably Western visitors, especially those from the United States and Australia .
Corruption is an important development challenge that poses economic and social costs in Indonesia. Interference in public laws and policies for the sake of personal or private gain has weakened the competitiveness of Indonesia. [8] About one-quarter of ministries suffer from budgetary diversions in Indonesia. Households spent approximately 1% ...