Makassar City Inflation 2014

Inflation is a symptom of an increase in the prices of goods and services consumed by society as a whole. For the government, the inflation indicator can be used as an instrument in preparing fiscal policy and monetary policy. For the private sector, the inflation indicator can be used as the basis of the business policy, especially with regard to adjusting the wage rate and efficiency of the company. In an autonomous climate, local governments have the flexibility to set up their own regional policies, including regional minimum wage regulation policies in accordance with the potential and economic development of the region. Thus the need for sustained inflation figures is one of the important considerations.