The COVID-19 Pandemic Faces the Indonesian Economy Inflation Analysis

Abstract

The COVID pandemic that's happening all over the world has had a lot of impact. One of them is in Indonesia, which has caused inflation to rise in the economy. The type of research carried out is qualitative research as well as data obtained through the study of literature by reading, scrutinizing, and analyzing various pieces of literature, whether in the form of documents, journals, data publications from the Ministry of Finance, or from the official website that issues information relevant to the research. While data analysis is done by doing reduction, classification, and fertilization to draw conclusions, Indonesia itself is experiencing an economic slowdown of 5.04% caused by the impact of the COVID-19 pandemic. The inflation caused by the decline in agriculture as well as imports and exports as a result of its lockdown means that people can't do their normal activities. Many of the efforts that the government has made to tackle rising inflation involve implementing three stimulus measures to address economic challenges, including fiscal, non-fiscal, and economic sectors.