Clerics Lead Inflation Awareness in Indonesia During Ramadan

In Majalengka, Indonesia, clerics attended a briefing by the central bank on inflation during Ramadan. Bank Indonesia aims to curb overconsumption, prevent runaway inflation, and maintain price stability. Clerics, influential in rural areas, are encouraged to spread awareness about responsible consumption to help achieve economic stability.

In the Indonesian town of Majalengka, clerics gathered for a unique briefing on inflation as they awaited to break their Ramadan fast. The session, led by a central bank official and two clerics, is part of Bank Indonesia's strategy to harness religious leaders' influence in promoting responsible consumption and controlling inflation.

Agung Budilaksono, a senior central bank official, emphasized the crucial role clerics can play. 'We hope ulemas can mediate this message of inflation management," he stated, likening inflation to high blood pressure, which can have detrimental effects if not managed.

As Ramadan concludes with Eid al-Fitr, demand peaks in Indonesia, the world's largest Muslim-majority nation. With inflation now under control, targeted efforts emphasize price stability. Initiatives by the central bank also promote entrepreneurship and strengthen local food supply chains, illustrating a multifaceted approach to economic stability.

(With inputs from agencies.)