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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 ...
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 ...
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.
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 ...
The year was defined by the invasion of Ukraine in late February, which greatly affected the country's economy and sparked surges in prices of multiple commodities. The invasion also contributed to the cooking oil crisis that swept through the country from April to May and prompted the government to raise the prices of fuel, causing protests from the public.
Indonesia, [c] officially the Republic of Indonesia, [d] is a country in Southeast Asia and Oceania, between the Indian and Pacific oceans. Comprising over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea, Indonesia is the world's largest archipelagic state and the 14th-largest country by area, at 1,904,569 square kilometres (735,358 square miles).
Taxi scams are common in Indonesia, in which fake taxis are passed off as real ones. Foreign travellers often get fooled by this trickery, and end up getting robbed by the conman operating the fake taxi. Violent crime is another growing issue in the country. Pirated and counterfeit merchandise can be easily found in most parts of Indonesia. [2]