Socio-Economic Phenomenons Trigger Poverty Rate Increase

Summary

Statistics Indonesia (BPS) revealed that the poor reached 26.36 million in Sept 2022, up 200,000 people from March 2022. In the same period, the poverty rate rose from 9.47 percent to 9.5 percent. BPS Head Margo Yuwono said the poverty rate growth slowed down from a year earlier. "When compared to Sept 2021, the poverty rate fell by 0.14 percent," Margo said on Monday.

According to Margo, the rising poverty rate was triggered by socioeconomic phenomena. Some reasons are that working-age people were still affected by the COVID-19 pandemic in Aug 2022, totaling 4.15 million people. In the third quarter of 2022, economic growth slowed, marked by household consumption which fell 0.12 percent (month to month). "Throughout Sept 2022, there were layoffs in labor-intensive sectors and technology companies. Fuel price adjustments then increased agricultural production costs," he said.

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