Performance Management of The Regional Inflation Control Team Central Kalimantan Province In Inflation Control

Abstract

Inflation control necessitates inter-institutional collaboration and coordination, particularly between Bank Indonesia and the government. To continue to increase cooperation, the Government and Bank Indonesia formed an Inflation Monitoring and Control Team (TPI) at the central level in 2005, followed by the establishment of a Regional Inflation Control Team (TPID) in 2008. It is vital to take strategic efforts to control and suppress inflation by forming the Central Kalimantan Regional Inflation Control Team with the collaboration of regional agencies (TPID). The goal of this article is to identify the performance management strategies used by TPID in Central Kalimantan to keep inflation under control. This study employs a qualitative descriptive method and is conducted in the field. The secretaries and members of the TPID in Central Kalimantan were the subjects of this investigation. The research data was gathered through observation, interviewing, and recording techniques, which were then validated through source triangulation and analyzed through simplification, presentation, and conclusion stages. The findings of this study show that TPID's administration of inflation control efforts in Central Kalimantan complies with Governor Regulation No. 10 of 2015's inflation control guidelines. Because the inflation control procedure carried out by the Central Kalimantan TPID is in accordance with the planning, organizing, executing, and regulating functions, the Central Kalimantan TPID indirectly performs a management function. The Central Kalimantan TPID's inflation control management was highly effective. The Central Kalimantan TPID's inflation control administration was fairly effective in keeping inflation in Central Kalimantan and Palangkaraya generally regulated and constant.

The Impact of Inflation on the Profitability of Businesses: Evidence from Kosovo

“…Likewise, Trihardianto and Hartanti (2022) say that inflation is the process of continuous increase in the general prices of goods. Sembiring et al (2022) continues the explanation by saying that economic analysis indicates the disparity between supply and demand, influences the upward movement of commodity prices. A low and stable inflation rate is essential for fostering sustainable economic growth, leading to favourable outcomes in terms of enhancing people's well-being.…”

“…Inflation can arise unexpectedly and from diverse sources, making it difficult to exercise control over its occurrence (Ridwan, 2022). Various researchers, such as: Kessel & Alchian (1962);McConnell et al (2014), Oner (2017), Yanti (2018), Olusola et al (2022), Sembiring et al (2022), Trihardianto & Hartanti (2022, etc., have analysed the phenomenon of inflation and given their definitions for this phenomenon, which are basically the same.…”

“…Inflation pertains to the continuous upward movement in the general price level of goods and services (Olusola et al, 2022). Inflation is defined as a persistent increase in the overall price level of an economy and cannot be attributed solely to the price escalation of one or two goods, unless such increases extend to and impact the prices of other goods (Sembiring et al, 2022). Likewise, Trihardianto and Hartanti (2022) say that inflation is the process of continuous increase in the general prices of goods.…”

“…Recognizing the significance of inflation control stems from the understanding that high and volatile inflation adversely affects the socio-economic circumstances of a society. A high inflation rate diminishes the real income of the community and consequently diminishes people's well-being (Sembiring et al, 2022).…”

“…The management of inflation is a global issue of utmost concern (World Economic Forum, 2023). Effectively curbing inflation necessitates collaboration and coordination among multiple institutions (Sembiring et al, 2022). Inflation is an inevitable phenomenon in any developing nation, but exerting control over it is crucial for upholding economic stability, as it facilitates favourable conditions for economic growth.…”