Aggressive Subsidies to Curb Inflation
Monday, 1 August 2022
The soaring prices of energy and food trigger inflation spikes across the globe. While other nations raise their interest rates, Indonesia opts to increase its subsidy budget.
GRACE Santoso crossed beef from her list while grocery shopping at a supermarket. This Indonesian woman who lives in Buford, Georgia, the United States, now rarely puts steak or other beef-based meals on her dining table. As meat prices continue to surge along with the inflation spike in the US, Grace now prefers to cook more fish or chicken. “I buy beef only once in a while,” she told Tempo on Thursday, July 28.
Grace said that the...
Subscribe to read the full article.
Unlimited access to Tempo website and mobile app
Tempo Media app for Android and iOS
Podcasts, video documentaries and newsletters
Complete archives of Tempo magazine since 1971 and Koran Tempo daily since 2001