It has been another inspiring and exciting weekend of 'hacking for humanity' at the 3rd bi-annual Random hacks of Kindness (RHoK). On 4-5 December, the Australia-Indonesia Facility for Disaster Reduction (AIFDR) alongside other partners including the Bank hosted the Jakarta-leg of Random Hacks of Kindness. This global event brought together disaster risk managers and over a thousand software engineers (the hackers) to 21 locations around the world for a 48-hour “hackathon”. During the event teams of hackers developed practical software solutions to reduce the impact of natural disasters and help save lives.
The recent rise in China’s inflation has grabbed attention of the public and policymakers alike. Consumer price inflation rose to 5.1% in November. This is higher than we are used to in China, although it is modest in an emerging market perspective. To determine the best policy response to the rise in inflation it is important to know its cause and how much inflation we should expect in the coming 12 months. It is also good to decide what an acceptable rate of inflation is for a country like China.