Tuesday, 26 August 2008

Government challenged to control inflation in 2009

The Indonesian Chamber of Commerce and Industry (Kadin) said that the government`s major challenge in 2009 was to take inflation under control owing to the fact that oil and commodity prices in the world market are still difficult to predict until the beginning of 2009."If the government is unable to control inflation, the purchasing power of the middle will also drop. At present, domestic demand is still relatively good because the middle class has been able to maintain the level of its purchasing power," Bambang Soesatyo, chairman of Kadin`s permanent committee for monetary and fiscal affairs, said here on Tuesday.

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