Fighting inflation in Indonesia with low-cost markets

Adi Weda, EPA-EFE

Posted at Sep 29 2022 02:41 PM | Updated as of Sep 29 2022 02:52 PM

Buying cheaper rice, cooking oil in Indonesia

Residents buy sacks of rice and cooking oil during low-cost market operations by the government in Tangerang, Indonesia on Thursday. Several regions in Indonesia held low-cost market operations to help ease the burden on society from high inflation. Bank Indonesia estimates that inflation in Indonesia in September 2022 will reach 1.09 percent on a monthly basis, mainly due to an increase in fuel prices.