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High commodity prices help Indonesia manage inflation, global discord
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Record prices for coal and key minerals provide just enough for Indonesia to fight inflation, said Indonesian Finance Minister Sri Mulyani Indrawati.
PHOTO: AFP
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DENPASAR (Bali) - Spiralling consumer prices and deteriorating relations between the world's biggest economies caused by Russia's invasion of Ukraine may slow Indonesia's recovery and undo decades of globalisation that made the country a "clear winner", according to Indonesian Finance Minister Sri Mulyani Indrawati.
Record prices for coal and key minerals, including nickel, offer just enough of a fillip to the country's coffers for now, providing Indonesia with the resources it needs to combat inflation through limited subsidies and aid to the poor, she added.
