The United States (US) recorded a surge in inflation to 3.2% (yoy) in July 2023. This figure increased from inflation in the previous month of 3% (yoy). Quoting Trading Economics, US Bureau of Labor Statistics data showed an increase in US inflation for the first time in the last year, after recording a decline in the consumer price index (CPI) for 12 consecutive months.

Senior Economist & Deputy Minister of Finance 2010-2014, Anny Ratnawati said that apart from the impact of China's economic slowdown, Indonesia must also be wary of the effect of rising US inflation. As one of the major trading partners for Indonesia, US inflationary pressure will of course have an impact on the performance of the Indonesia-US trade balance and the Indonesian economy.

Anny assesses the importance of Indonesia in maintaining net export-import stability between Indonesia and the US through expanding export markets and absorbing domestic markets related to the Textile and Textile Product Industry (TPT Industry) and Footwear.

How do economists evaluate the impact of the US economic turmoil on Indonesia? and how are RI's efforts to maintain economic growth amid global sentiment? For details, see Safrina Nasution's dialogue with Senior Economist & Deputy Minister of Finance 2010-2014, Anny Ratnawati, (Friday, 08/11/2023)