Bank Indonesia continues to strengthen rupiah exchange rate stabilization policy in accordance with the currency’s fundamental value and market mechanisms through effective monetary operations and loose market liquidity. headline inflation for the calendar year to0.93% (ytd). Annually, CPI inflation stood at 1.66% (yoy), up marginally from 1.60% (yoy) in September 2021 (Graph 28).
The unemployment rate measures the ratio of the second number – the recent job searchers – to the sum of the two numbers (the recent job searchers and the workers). This means that the unemployment rate can decline for two reasons: because more people are finding work or because fewer people are looking for work.