High Level Meeting (HLM) Inflation Control Strategy Ahead of HBKN in Bandung City 2024

The Bandung City Government through the Bandung City Regional Secretariat held a High Level Meeting (HLM) of the Regional Inflation Control Team (TPID) on Wednesday (6/03/2024). This activity was carried out in order to formulate an inflation control strategy ahead of the national religious holidays (HBKN) in 2024. Also attending this activity were leaders from the Central Statistics Agency (BPS) of Bandung City, Representative Office of Bank Indonesia (BI) West Java, Perum Bulog Bandung Branch, Bandung Police Station and KPPN Bandung Il.

Acting (PJ) Mayor of Bandung, Bambang Triyuliono, in his remarks said that currently the performance of Bandung City's inflation control is quite good, as evidenced in February 2024 Bandung City inflation in the current year is the lowest among West Java Inflation Districts / Cities. However, ahead of HKBN, efforts still need to be made to maintain price stability, especially basic foodstuffs, especially rice, which is volatile and experiencing scarcity. He hopes that this meeting will produce concrete efforts to suppress prices, smooth the flow of distribution of goods, and most importantly the security and stability conditions during the month of Ramadan and Eid al-Fitr 2024.

The Head of BPS Bandung City, Samiran, as the resource person conveyed an overview of the inflation rate in February 2024. Inflation in Bandung City was the lowest at 1.95 percent. He also conveyed the condition of rice sales in several traditional markets until the first week of March 2024, where the impact of the Cheap Market Movement (GPM) on rice has been felt by several traders who claim a decrease in demand. Hopefully, rice prices will be able to decline in the future. In addition, the pattern of inflation on holidays since 2019 and also commodities that are often volatile in the month of fasting and Eid al-Fitr which can be a reference for what commodities should be monitored and paid attention to.

Other speakers talked about the importance of collaboration between parties, such as cooperation between governments; or cooperation between the government and staple food supply companies. Thus, the security of the stock of goods will be maintained and as a result, prices will be kept stable.