Badan Pusat Statistik mencatat pada Juni 2024, kembali terjadi deflasi sebesar 0,08% secara bulanan. Deflasi berdasarkan terjadinya penurunan Indeks Harga Konsumen dari 106,37 pada Mei 2024, menjadi 106,38 pada Juni 2024.
Deputi Bidang Statistik Produksi BPS M. Habibullah menjelaskan, bahwa deflasi pada Juni 2024 terutama didorong oleh inflasi kelompok pengeluaran makanan minuman dan tembakau. Kelompok tersebut pada Juni 2024 mencatat deflasi sebesar 0,49% secara bulanan, dengan andil deflasi sebesar 0,14%. Secara siklus deflasi bulan Juni dipengaruhi oleh naiknya supply yang diakibatkan naiknya angka produksi.
Komoditas utama penyumbang deflasi adalah bawang merah dengan andil 0,09%. Selain itu, tomat memberikan andil deflasi 0,07%, serta daging ayam ras dengan andil deflasi 0,05%. Namun masih terdapat komoditas yang menyumbang inflasi antara lain cabai rawit dan cabai merah, dengan andil masing-masing sebesar 0,02%.
Deputi Bidang Statistik Produksi BPS M. Habibullah menjelaskan, bahwa deflasi pada Juni 2024 terutama didorong oleh inflasi kelompok pengeluaran makanan minuman dan tembakau. Kelompok tersebut pada Juni 2024 mencatat deflasi sebesar 0,49% secara bulanan, dengan andil deflasi sebesar 0,14%. Secara siklus deflasi bulan Juni dipengaruhi oleh naiknya supply yang diakibatkan naiknya angka produksi.
Komoditas utama penyumbang deflasi adalah bawang merah dengan andil 0,09%. Selain itu, tomat memberikan andil deflasi 0,07%, serta daging ayam ras dengan andil deflasi 0,05%. Namun masih terdapat komoditas yang menyumbang inflasi antara lain cabai rawit dan cabai merah, dengan andil masing-masing sebesar 0,02%.
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TVTranscript
00:00Indonesia's Economic Movement
00:15Hello viewers, how are you today?
00:17Live from IDX Channel Jakarta, I'm Prasetyo Ibo
00:20back again in Market Review,
00:22a program that covers the issues of Indonesia's economic movement.
00:25You can watch our live streaming at idxchannel.com
00:29Let's start the complete Market Review
00:42Statistics Center reported a monthly deflation of 0.08% in June 2024
00:49and BPS also reported a deflation in June 2024
00:53contributed by food products affected by the food crisis
01:00Statistics Center reported a monthly deflation of 0.08% in June 2024
01:10The deflation is based on a decrease in consumer price index from 106.37% in May 2024
01:18to 106.38% in June 2024
01:23BPS Statistics Deputy M. Habibullah explained
01:27that the deflation in June 2024 was mainly driven by inflation,
01:32a group of food and tobacco exports
01:35The group in June 2024 recorded a deflation of 0.49% monthly
01:42with a deflation rate of 0.14%
01:46The deflation cycle in July was influenced by the increase in supply
01:50which resulted in an increase in production
01:54If we look at the deflation in the past two months,
01:57it was contributed by the volatile food component
02:00Indeed, if we look at the commodities with volatile,
02:04it tends to fluctuate
02:06So it is influenced by the supply side
02:08from the supply side, where the harvest pushes the price down
02:14So the harvest pushes the price down
02:18resulting in a deflation rate
02:22Meanwhile, the main commodities contributing to the deflation
02:25are shallots with a rate of 0.09%
02:28In addition, tomatoes contribute a deflation rate of 0.7%
02:32as well as chicken meat with a deflation rate of 0.05%
02:37There are also commodities that contribute to inflation
02:40such as bird's eye chili and red chili
02:43with a rate of 0.02%
02:46From Jakarta, Rachar Jopatwo, IDX Channel
02:53To discuss our interesting topic today,
02:55June 2024 recorded a deflation rate of 0.08% monthly
03:00We have been connected through Zoom with Mr. David Sumual,
03:03Head of PT Bank Central Asia Tbk
03:06Good morning, Mr. David
03:08Good morning, Mr. Pras
03:10Good morning, Mr. Pras
03:11Thank you for your time
03:12We are glad to be here through Zoom
03:14with Mr. Angga Wira,
03:15Chairperson of HIPMI,
03:17Indonesian Young Entrepreneurs Association
03:18Good morning, Mr. Angga Wira
03:20Good morning, Mr. David
03:22Good morning
03:23Thank you for your time
03:26It is interesting to talk about this
03:28Mr. David Sumual,
03:29from your glasses,
03:30you can see the deflation in June
03:32and then it started to fluctuate before that
03:35Actually, what can we observe
03:37with the current condition of our economy?
03:40Is it normal?
03:41The BPS has mentioned that
03:43because of the harvest season,
03:45the price of staple food is going down
03:48Please
03:51Yes, after Eid,
03:53there is usually a period of normalization
03:561 to 3 months normalization of price
04:00especially food prices
04:02Indeed, the price of food
04:04usually rises during Eid
04:07And coincidentally,
04:09we also enter the harvest season
04:11Actually, the harvest season
04:13fluctuates a little
04:15Usually in the first quarter,
04:17around March,
04:18it fluctuates to the months of May and June
04:21even maybe a little in July
04:24because of the influence of the weather
04:26Then we also observe
04:28the inflation is also very low
04:31In fact, it goes down year by year
04:35Actually, this is also one thing
04:39Then the last one is also imported items
04:43So, if we look at the WPI import,
04:46the last figure is only 0.5%
04:49A few months ago,
04:52it was above 3%
04:543.7%
04:55It means that the price of WPI import
04:58or imported goods has fallen
05:00So, it actually balances
05:02the Rupiah weakness that happened recently
05:05And indeed, not all
05:07businessmen or business actors
05:12transmit the Rupiah weakness
05:15Because the price of goods
05:16must have increased
05:18because of the Rupiah weakness
05:20But looking at the weakness
05:23it was above 6%
05:25But the last time we saw
05:27the weakness was year-to-date
05:29below 5%
05:31So, there is something that still holds
05:33because maybe it can be seen in some segments
05:35or sectors
05:37the purchasing power is still not strong
05:40still relatively stagnant
05:42especially for the lower middle class
05:47we also see struggling
05:49But whether or not
05:51if the price of imported goods starts to rise
05:54especially because of the Rupiah weakness
05:56whether or not
05:57there will definitely be a price adjustment
05:59So, if we pay attention
06:01especially in the food and beverage sector
06:03this is probably one of the factors
06:05that will make an adjustment
06:07Although if we know
06:09certainly related to electronics
06:11the fluctuation is very clear
06:14related to the exchange rate
06:16Okay, Mr. David
06:17this is an interesting analysis
06:18if we look at the movement
06:20of our inflation
06:21which has been deflation
06:23in the last two months
06:24in a row
06:25that means monthly
06:26From the perspective of entrepreneurs
06:28what do you think?
06:29Mr. Anggawir
06:30do you see the current condition?
06:31Is what was said earlier
06:32some data
06:33there is a harvest season
06:34then stagnation
06:36from the purchasing power of this community
06:38is it real or what?
06:40according to the perspective of entrepreneurs
06:42First, there was a cycle
06:44of course after Eid
06:47there must be a decrease in demand
06:51but of course
06:53when this happens continuously
06:58we have to look at it
07:01in a more comprehensive way
07:05is it really factual
07:09there is a weakness
07:14towards purchasing power
07:16we have to look at it
07:21in a more comprehensive way
07:24because if we look
07:27there are some things
07:29that become a factor
07:32if we look at it
07:33for example
07:35there are various mass PHK
07:38that happened recently
07:41I think we also need to anticipate
07:48what happened
07:51the closure of factories for example
07:54and in addition
07:58the number of unemployment
08:01this is what I think
08:03the work of the government in the future
08:06to be able to solve this
08:11to increase purchasing power
08:14so if I look at it
08:15this is not only
08:18we can see it as a cycle
08:23that happens annually
08:27but there is something fundamental
08:30that is happening
08:32and this needs to be responded to immediately
08:36because the global situation
08:39is also not good
08:43if we look at it from the internal
08:46there are some factors
08:48that can be said to be a trigger
08:51for the decline in the purchasing power of our society
08:53such as the mass PHK
08:54so that the income is reduced
08:56then the threat from the industry itself
08:58from the external as well as the domestic
09:01we will discuss later
09:02in the next segment
09:03how far is the condition
09:05as you said fundamentally
09:07affects the movement of inflation
09:09on the one hand
09:10but on the other hand
09:11is there a decline in the price?
09:13or is there another momentum?
09:14as we know
09:15the new school year
09:16we will discuss later in the next segment
09:18stay tuned with us
09:36thank you for staying tuned with us
09:38Mr. Mirza
09:39in the next segment
09:40we will present data for you
09:41related to the movement of inflation
09:42from January to June 2024
09:44you can see the complete data
09:46on your television screen
09:47the movement in terms of months
09:49and years
09:50for our inflation
09:52both in terms of years
09:53the trend is 2.57% in January 2024
09:57then it touched a bit high
09:59up to 3.05% in March 2024
10:03but after that the decline
10:04fell by 3% per year
10:06then 2.84%
10:08and 2.51% per year
10:11in June 2024
10:13what's interesting
10:14if we look at the movement of inflation
10:15in terms of months
10:16there was a deflation
10:17in two consecutive months
10:19in May
10:20then June 2024
10:21so 0.03%
10:23then 0.08%
10:25which means our inflation is deeper
10:27I mean our deflation
10:29then the main commodity
10:30the cause of deflation in June
10:32what is it?
10:34the commodities are
10:35shallot
10:36tomato
10:37chicken
10:38egg
10:39chicken
10:40and garlic
10:41those are the main commodities
10:44that cause the deflation
10:47in terms of months
10:48then what about
10:49the other main commodities
10:50that cause the inflation
10:54in terms of years
10:57there are several commodities
10:58there is rice
10:59then jewelry
11:00red chili
11:02cigarette
11:03and also sugar
11:07we will continue
11:08the discussion
11:09with our guest
11:10Mr. David Sumual
11:11and Mr. Angga Wira
11:12Mr. David Sumual
11:13what do you think
11:14about the data
11:15that Mr. Angga Wira
11:16has shared
11:17the real situation
11:18of the business
11:19is experiencing
11:20the stagnation
11:21of purchasing power
11:22and concern
11:23of the public sector
11:24and other threats
11:25related to
11:26the industrial condition
11:27in the country
11:28what do you think
11:29about the data
11:30that have been shared
11:31in terms of inflation
11:32in terms of months
11:33then in terms of years
11:34our inflation
11:35continues to fall
11:36Mr. David, please
11:38there are several factors
11:39that I have mentioned earlier
11:40in addition
11:41actually also
11:42from the stimulus side
11:43this is
11:44certainly
11:45after the pandemic
11:46much less
11:47for example
11:48the social security
11:49was almost
11:50250 trillion
11:51during the pandemic
11:52now
11:53less
11:54more or less
11:55100 trillion
11:56from that figure
11:57okay
11:58then also
11:59yes
12:00previously
12:01they
12:02maybe
12:03especially the lower class
12:04also get
12:05excess savings
12:06now
12:07certainly
12:08it's even
12:09lumpy
12:10have to eat savings
12:11even
12:12have to borrow there
12:13borrow here
12:14maybe
12:15because indeed
12:16earlier
12:17the purchasing power
12:18weakened
12:19and also
12:20business competition
12:21is also getting heavier
12:22especially
12:23earlier
12:24because there are also many PHK
12:25in several sectors
12:26the global demand
12:27weakened
12:28as a result
12:29the informal sector
12:30this informal sector
12:31is also already
12:32weak
12:33because since the pandemic
12:34everything runs there
12:35to the informal sector
12:36in
12:37online sales
12:38for example
12:39dropshipping
12:40what
12:41various
12:42then also
12:43we pay attention
12:44to other informal workers
12:45including
12:46also
12:47gig workers
12:48gig workers
12:49gojek
12:50and so on
12:51this is also
12:52the competition
12:53is certainly
12:54getting tighter
12:55and also
12:56the income
12:57also
12:58will decrease
12:59this is disturbing
13:00of course
13:01the purchasing power
13:02and
13:03in the end
13:04the concern
13:05will affect
13:06also
13:07inflation
13:08basic inflation
13:09we see
13:10also low
13:11then also
13:12from the side
13:13goods from outside
13:14this also
13:15make
13:16imported inflation
13:17we are also
13:18relatively low
13:19okay
13:20now
13:21what signals
13:22can we catch
13:23with the deflation
13:24that happened
13:25in the past two months
13:26and
13:27tend to be deeper
13:28like that
13:29from the previous month
13:30yes
13:31if the food
13:32indeed
13:33we hope
13:34it looks like
13:35it can rebound
13:36yes
13:37because indeed
13:38farming
13:39included
13:40and
13:41we also pay attention
13:42to the weather
13:43it looks
13:44a little wetter this year
13:45compared to
13:46the dry season
13:47is wetter
13:48compared to last year
13:49okay
13:50there is
13:51a slight effect
13:52and
13:53from the rice stock
13:54also
13:55if we look at the data
13:56there is a tendency
13:57to decline
13:58maybe
13:59in July
14:00we have to
14:01look again
14:02what is the condition
14:03and possibly
14:04have to add
14:05import
14:06import
14:07our target
14:085 million tons
14:09and this may
14:10need to be
14:11what
14:12be
14:13aware
14:14of the possibility
14:15of increasing
14:16rice prices
14:17in the future
14:18this
14:19usually
14:20will also
14:21stimulate
14:22the increase
14:23of other food
14:24materials
14:25such as
14:26chili
14:27bird's eye chili
14:28and others
14:29indeed
14:30the tendency
14:31when Eid
14:32is a tendency
14:33to decline
14:34for the future
14:35we also see
14:36usually there is a seasonal
14:37effect
14:38school fees
14:39are also
14:40in July and
14:41August
14:42usually increase
14:43before
14:44there was a
14:45rumor
14:46about BBM
14:47but
14:48I think
14:49so far
14:50what I
14:51pay attention
14:52and I also
14:53hear
14:54that there
14:55are still
14:56funds
14:57for BBM
14:58subsidies
14:59at least
15:00until
15:01next year
15:02and
15:03others
15:04may be
15:05related to
15:06policy
15:07policy
15:08there was
15:09a rumor
15:10increase
15:11rates
15:12up to 200%
15:13for certain
15:14items
15:15this may
15:16also need to
15:17be explained
15:18because
15:19several times
15:20there have been
15:21many changes
15:22related to
15:23safety
15:24we don't know
15:25in the future
15:26will there be
15:27restrictions again
15:28we also pay attention
15:29and there will
15:30definitely be an
15:31impact on
15:32inflation
15:33right
15:34because this
15:35safeguard is
15:36asked a lot
15:37by other
15:38industries
15:39but this
15:40is changing
15:41earlier
15:42restrictions
15:43relaxation
15:44but maybe
15:45need to
15:46identify first
15:47roughly
15:48which sectors
15:49products
15:50that
15:51need
15:52to be
15:53regulated
15:54like that
15:55steps that
15:56have been
15:57done by
15:58friends
15:59entrepreneurs
16:00to maintain
16:01productivity
16:02then
16:03sales that
16:04can raise
16:05again the
16:06possibility
16:07how the
16:08entire
16:09company
16:10works
16:11in the
16:12middle of
16:13the challenge
16:14of the
16:15purchasing
16:16power of
16:17the
16:18community
16:19yes
16:20earlier
16:21the
16:22government
16:23gave
16:24various
16:25kinds of
16:26incentives
16:27yes
16:28both
16:29directly
16:30or indirectly
16:31yes
16:32to the
16:33community
16:34and
16:35entrepreneurs
16:36such as
16:37entrepreneurs
16:38there are
16:39flower subsidies
16:40which
16:41we can
16:42feel
16:43the impact
16:44is quite
16:45positive
16:46yes
16:47but because
16:48various
16:49policies
16:50have
16:51moved
16:52yes
16:53the most
16:54important thing
16:55in our opinion
16:56there is
16:57a
16:58priority
16:59yes
17:00from the
17:01government
17:02related
17:03development
17:04basis
17:05basis
17:06industry
17:07forward
17:08so
17:09we
17:10have to
17:11push
17:12so that
17:13there is
17:14an increase
17:15in the
17:16added value
17:17yes
17:18in the
17:19country
17:20yes
17:21as much
17:22as possible
17:23we
17:24produce
17:25goods
17:26in the
17:27country
17:28so
17:29there must
17:30be
17:31policies
17:32that
17:33I feel
17:34yes
17:35comprehensive
17:36yes
17:37don't
17:38be partial
17:39yes
17:40if we
17:41saw yesterday
17:42from the
17:43Ministry of
17:44Trade
17:45for example
17:46will
17:47give
17:49VA
17:50for
17:51goods
17:52in China
17:53because if we
17:54see it
17:55is
17:56very
17:57very
17:58cheap
17:59and this
18:00will also
18:01kill
18:02the
18:03industry
18:04in the
18:05country
18:06and this
18:07we have
18:08felt
18:09directly
18:10yes
18:11in the
18:12textile
18:13industry
18:14for example
18:15for
18:16decades
18:17the
18:18industry
18:19in the
18:20country
18:21and also
18:22the
18:23work
18:24field
18:25but
18:26we
18:27see
18:28now
18:29no longer
18:30have
18:31power
18:32competitively
18:33yes
18:34this
18:35in my
18:36opinion
18:37there
18:38are
18:39handling
18:40errors
18:41that
18:42are
18:43late
18:44yes
18:45both
18:46the
18:47Ministry of
18:48Trade
18:49to
18:50give
18:51a
18:52strategy
18:53and
18:54correct
18:55programs
18:56for
18:57the
18:58industry
18:59yes
19:00it
19:01should
19:02indeed
19:03this
19:04industry
19:05can still
19:06be
19:07saved
19:08in the
19:09future
19:10for
19:11example
19:12also
19:13the
19:14foot
19:15new
19:16government
19:17must
19:18have
19:19a
19:20strategic
19:21program
19:22to
19:23save
19:24the
19:25domestic
19:26industry
19:27before
19:28also
19:29strategically
19:30pushing
19:31the
19:32hillarization
19:33in the
19:34sector
19:35for example
19:36minerals
19:37that
19:38we have
19:39been
19:40excited
19:41but
19:42don't
19:43forget
19:44that
19:45we
19:46have
19:47a
19:48strategic
19:49program
19:50to
19:51save
19:52the
19:53domestic
19:54industry
19:55before
19:56also
19:57strategically
19:58pushing
19:59the
20:00hillarization
20:01in the
20:02sector
20:03for
20:04example
20:05minerals
20:06that
20:07we
20:08have
20:09been
20:10excited
20:11but
20:12don't
20:13forget
20:14that
20:15we
20:16have
20:17a
20:18strategic
20:19program
20:20to
20:21save
20:22the
20:23domestic
20:24industry
20:25before
20:26also
20:27strategically
20:28pushing
20:29the
20:30hillarization
20:31in the
20:32sector
20:33for
20:34example
20:35minerals
20:36that
20:37we
20:38have
20:39been
20:40excited
20:41before
20:42but
20:43don't
20:44forget
20:45that
20:46we
20:47have
20:48a
20:49strategic
20:50program
20:51to
20:52save
20:53the
20:54domestic
20:55industry
20:56before
20:57also
20:58strategically
20:59pushing
21:00the
21:01hillarization
21:02in the
21:03sector
21:04for
21:05example
21:06minerals
21:07that
21:08we
21:09have
21:10been
21:11excited
21:12before
21:13but
21:14don't
21:15forget
21:16that
21:17we
21:18have
21:19a
21:20strategic
21:21program
21:22to
21:23save
21:24the
21:25domestic
21:26industry
21:27before
21:28also
21:29strategically
21:30pushing
21:31the
21:32hillarization
21:33in the
21:34sector
21:35for
21:36example
21:37minerals
21:38that
21:39we
21:40have
21:41been
21:42excited
21:43before
21:44but
21:45don't
21:46forget
21:47that
21:48we
21:49have
21:50a
21:51strategic
21:52program
21:53to
21:54save
21:55the
21:56domestic
21:57industry
21:58before
21:59also
22:00strategically
22:01pushing
22:02the
22:03hillarization
22:04in the
22:05sector
22:06for
22:07example
22:08minerals
22:09that
22:10we
22:11have
22:12been
22:13excited
22:14before
22:15but
22:16don't
22:17forget
22:18that
22:19we
22:20have
22:21a
22:22strategic
22:23program
22:24to
22:25save
22:26the
22:27domestic
22:28industry
22:29before
22:30also
22:31strategically
22:32pushing
22:33the
22:34hillarization
22:35in the
22:36sector
22:37for
22:38example
22:39minerals
22:40that
22:41we
22:42have
22:43been
22:44excited
22:45before
22:46but
22:47don't
22:48forget
22:49that
22:50we
22:51have
22:52a
22:53strategic
22:54program
22:55to
22:56save
22:57the
22:58domestic
22:59industry
23:00before
23:01also
23:02strategically
23:03pushing
23:04the
23:05hillarization
23:06in the
23:07sector
23:08for
23:09example
23:10minerals
23:11that
23:12we
23:13have
23:14been
23:15excited
23:16before
23:17but
23:18don't
23:19forget
23:20that
23:21we
23:22have
23:23a
23:24strategic
23:25program
23:26to
23:27save
23:28the
23:29domestic
23:30industry
23:31before
23:32also
23:33strategically
23:34pushing
23:35the
23:36hillarization
23:37in the
23:38sector
23:39for
23:40example
23:41minerals
23:42that
23:43we
23:44have
23:45been
23:46excited
23:47before
23:48but
23:49don't
23:50forget
23:51that
23:52we
23:53have
23:54a
23:55strategic
23:56program
23:57to
23:58save
23:59the
24:00domestic
24:01industry
24:02before
24:03also
24:04strategically
24:05pushing
24:06the
24:07hillarization
24:08in the
24:09sector
24:10before
24:11also
24:12strategically
24:13pushing
24:14the
24:15hillarization
24:16in the
24:17sector
24:18before
24:19also
24:20strategically
24:21pushing
24:22the
24:23hillarization
24:24in the
24:25sector
24:26before
24:27also
24:28strategically
24:29pushing
24:30the
24:31hillarization
24:32in the
24:33sector
24:34before
24:35also
24:36strategically
24:37pushing
24:38the
24:39hillarization
24:40in the
24:41sector
24:42before
24:43also
24:44strategically
24:45pushing
24:46the
24:47hillarization
24:48in the
24:49sector
24:50before
24:51also
24:52strategically
24:53pushing
24:54the
24:55hillarization
24:56in the
24:57sector
24:58before
24:59also
25:00strategically
25:01pushing
25:02the
25:03hillarization
25:04in the
25:05sector
25:06before
25:07also
25:08strategically
25:09pushing
25:10the
25:11hillarization
25:12in the
25:13sector
25:14before
25:15also
25:16strategically
25:17pushing
25:18the
25:19hillarization
25:20in the
25:21sector
25:22before
25:23also
25:24strategically
25:25pushing
25:26the
25:27hillarization
25:28in the
25:29sector
25:30before
25:31also
25:32strategically
25:33pushing
25:34the
25:35hillarization
25:36in the
25:37sector
25:38before
25:39also
25:40strategically
25:41pushing
25:42the
25:43hillarization
25:44in the
25:45sector
25:46before
25:47also
25:48strategically
25:49pushing
25:50the
25:51hillarization
25:52in the
25:53sector
25:54before
25:55also
25:56strategically
25:57pushing
25:58the
25:59hillarization
26:00in the
26:01sector
26:02before
26:03also
26:04strategically
26:05pushing
26:06the
26:07hillarization
26:08in the
26:09sector
26:10before
26:11also
26:12strategically
26:13pushing
26:14the
26:15hillarization
26:16in the
26:17sector
26:18before
26:19also
26:20strategically
26:21pushing
26:22the
26:23hillarization
26:24in the
26:25sector
26:26before
26:27also
26:28strategically
26:29pushing
26:30the
26:31hillarization
26:32in the
26:33sector
26:34before
26:35also
26:36strategically
26:37pushing
26:38the
26:39hillarization
26:40in the
26:41sector
26:42before
26:43also
26:44strategically
26:45pushing
26:46the
26:47hillarization
26:48in the
26:49sector
26:50before
26:51also
26:52strategically
26:53pushing
26:54the
26:55hillarization
26:56in the
26:57sector
26:58before
26:59also
27:00strategically
27:01pushing
27:02the
27:03hillarization
27:04in the
27:05sector
27:06before
27:07also
27:08strategically
27:09pushing
27:10the
27:11hillarization
27:12in the
27:13sector
27:14before
27:15also
27:16strategically
27:17pushing
27:18the
27:19hillarization
27:20in the
27:21sector
27:22before
27:23also
27:24strategically
27:25pushing
27:26the
27:27hillarization
27:28in the
27:29sector
27:30before
27:31also
27:32strategically
27:33pushing
27:34the
27:35hillarization
27:36in the
27:37sector
27:38before
27:39also
27:40strategically
27:41pushing
27:42the
27:43hillarization
27:44in the
27:45sector
27:46before
27:47also
27:48strategically
27:49pushing
27:50the
27:51hillarization
27:52in the
27:53sector
27:54before
27:55also
27:56strategically
27:57pushing
27:58the
27:59hillarization
28:00in the
28:01sector
28:02before
28:03also
28:04strategically
28:05pushing
28:06the
28:07hillarization
28:08in the
28:09sector
28:10before
28:11also
28:12strategically
28:13pushing
28:14the
28:15hillarization
28:16in the
28:17sector
28:18before
28:19also
28:20strategically
28:21pushing
28:22the
28:23hillarization
28:24in the
28:25sector