President Joko Widodo has given directions that the administration's main priority is the fullfilment of people’s needs. The price of cooking oil must be affordable by the community. Therefore, government must prioritize providing cooking oil at affordable prices for the community, while at the same time creating a stabilization of cooking oil prices in the country.
During the pandemic, Indonesia's inflation was relatively under control compared to several countries which continued to experiencing rising inflation due to the supply-demand imbalance and energy crisis, for example, Singapore at 3.8% (YoY), the Euro Area at 4.9% (YoY) and the United States. by 6.8% (YoY) in November 2021.
The implementation of Community Activity Restrictions (PPKM) in the Java-Bali and Outside Java-Bali areas will continue to run for the next two-week period or from January 4th to 17th 2022. This is by the results of the evaluation that was carried out in the past week after Nataru's holiday period was over.
Quick response in mitigating the risk of the Covid-19 Delta variant and the continued improvement in national economic fundamentals in 2021 has positively impacted the Indonesian capital market, which closed at the level of 6,581 on December 30th, 2021. This was also supported by the inflow of foreign capital into the Indonesian stock market valued at USD 2.7 billion (YTD) as of December 30, 2021, which encourages the improvement of the stock index at the end of 2021.
Government policies in handling the Covid-19 pandemic and national economic recovery are believed to be on the right track. This can be seen in several leading economic indicators which have been improving along with the sloping down of Covid-19 cases in Indonesia. The handling of the recent crisis is also better than the handling of the previous crises in 1997-1998 and 2008.