Medium, Small and Medium Enterprises and Digital Platforms

Stevanie Christabel

No 5gmpf, OSF Preprints from Center for Open Science

Abstract: The Covid-19 pandemic has further eroded people's income and purchasing power. People’s savings are increasingly decreasing for consumption needs, especially for those who experienced termination of employment or were laid off, resulting in an increasingly depleted source of household funds. Deflation in July and August 2020 was triggered more by falling prices for a number of food, beverage and transportation groups, indicating the large demand in the midst of the Covid-19 pandemic. Trends in other countries show that there is a slowdown in inflation and deflation that is hitting supply and demand. The decline in demand for food was correlated with a decrease in the exchange rate of agricultural food crops by 0.25%, or to be 110.17. Likewise, there was a decrease in the exchange rate of horticultural agricultural products by 0.74%, or to be 99.77; including deflation in the Household Consumption Index of 0.13%. In terms of the contribution of public expenditure, it appears that the 20% group (upper class) reaches 45.49% of the total national consumption, the 40% group (middle class) contributes 36.78%, and the 40% group (lower class) only contributes 17%.

Date: 2021-06-15
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:5gmpf

DOI: 10.31219/osf.io/5gmpf

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