随着百物价格上涨，印尼雅加达的街边小食店据说也出现了变化。有报道称，如今食品分量少了，辣椒也没以前辣。

经济学家将这种现象称之为“缩水式通胀”。《雅加达邮报》早在2024年就曾报道，有半数受访者表示能感觉到商品缩水，其中最明显的是零食。

如今，由于中东局势推高国际能源价格，加上外资撤离，印尼的通胀问题更为严重。2026年第一季度，印尼经济增长达到5.61%，创下自2022年第三季度以来的最高增速，但人民却切身感受不到增长带来的好处。

与此同时，印尼货币持续贬值。今年以来，印尼盾对美元汇率下跌了8%，成为亚洲表现最差的货币。货币贬值与能源价格上涨，让当地中产阶层首当其冲。

印尼货币为何跌跌不休？去年8月，印尼爆发席卷全国的大规模示威并导致10人死亡；最近，学生又再次走上街头，印尼社会是否正重新酝酿动荡的因子？下一步它又会何去何从？

这期的早报播客《东谈西论》，听主持人韩咏红与《联合早报》驻雅加达特派员蓝云舟详细解析。

延伸阅读：

• 印尼盾再探新低 政府每日砸2万亿救货币 
• 印尼大学生抗议政府政策 与警方爆发冲突 

Jakarta’s street food stalls offer a glimpse into broader economic strain. Vendors are quietly reducing portions or even skipping chilli, a sign of “shrinkflation” that many Indonesians say they are already noticing in everyday purchases.

These pressures are tied to wider global and domestic challenges. Rising energy costs, driven in part by geopolitical tensions, have weighed on Indonesia as a net oil importer, while a weakening rupiah has made imports more expensive. In response, Bank Indonesia has tightened monetary policy, and fuel prices for non-subsidised categories have increased, adding to household costs.

Although Indonesia’s economy continues to grow at a steady pace, many in the middle class feel squeezed by higher living costs and currency pressures. Recent student protests over economic issues reflect growing public unease.

This episode of Global Heartbeat explores what is driving these pressures, how policymakers are responding, and what it means for everyday Indonesians, featuring host Han Yong Hong and Lianhe Zaobao’s Indonesia correspondent Nam Yunzhou.

Hosted by Lianhe Zaobao’s Associate Editor, Han Yong Hong, Global Heartbeat is a Mandarin weekly news and current affairs podcast that is updated every Tuesday, 7.00 PM SGT. It is available on zaobao.sg, Apple Podcast, Spotify and other podcast platforms.