Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Andin Aditya Rahman
Bank Indonesia (BI) has announced that the inflation rate finally stabilized in October. Difi A. Johansyah, Executive Director of BI’s Communications Department, said that BI calculates last month’s inflation rate at 0.09 percent month-to-month (mtm), or 8.32 percent year-on-year (yoy).
“On the other hand, the core inflation rate was 0.34 percent mtm, which is lower compared to previous months,” Difi says.
The decline in inflation in October, Difi explained, was contributed to by deflation of 0.80 percent mtm in the food sector. Moreover, BI also noted a decline in pressure from the administered prices group after the increase of subsidized fuel prices. The inflation rate in the administered prices group currently stands at 0.25 percent mtm, an improvement compared to levels over the past few months.
“This reinforces indications that inflation has returned to the usual monthly patterns of the past five years,” said Difi.
Meanwhile, Mirza Adityaswara, Senior Deputy Governor of BI, asserted BI’s confidence that the inflation rate will be below 9 percent by the end of this year instead of the targeted rate of 9.2 percent.
This is supported by data from the Central Indonesian Statistics Agency (Badan Pusat Statistik), which indicates that the inflation rate has declined over the last few months, largely supported by a deflation rate of 0.35 percent in September. This deflation was mainly triggered by price decreases in luxurious items, cayenne pepper, cabbage, and eggs.
“The inflation rate has improved. Indeed deflation occurred in September because in August it was high. But I think it will improve in October,” stated Mirza during an interview at BI’s office in Jakarta last Friday.
Despite such confidence, Mirza asserted that inflation rates might rise again in December mainly due to Christmas.
“Indeed there is usually a rise in inflation in December,” he concluded.
(hot/kc)
Fathan Qorib, Andin Aditya Rahman
Bank Indonesia (BI) has announced that the inflation rate finally stabilized in October. Difi A. Johansyah, Executive Director of BI’s Communications Department, said that BI calculates last month’s inflation rate at 0.09 percent month-to-month (mtm), or 8.32 percent year-on-year (yoy).
“On the other hand, the core inflation rate was 0.34 percent mtm, which is lower compared to previous months,” Difi says.
The decline in inflation in October, Difi explained, was contributed to by deflation of 0.80 percent mtm in the food sector. Moreover, BI also noted a decline in pressure from the administered prices group after the increase of subsidized fuel prices. The inflation rate in the administered prices group currently stands at 0.25 percent mtm, an improvement compared to levels over the past few months.
“This reinforces indications that inflation has returned to the usual monthly patterns of the past five years,” said Difi.
Meanwhile, Mirza Adityaswara, Senior Deputy Governor of BI, asserted BI’s confidence that the inflation rate will be below 9 percent by the end of this year instead of the targeted rate of 9.2 percent.
This is supported by data from the Central Indonesian Statistics Agency (Badan Pusat Statistik), which indicates that the inflation rate has declined over the last few months, largely supported by a deflation rate of 0.35 percent in September. This deflation was mainly triggered by price decreases in luxurious items, cayenne pepper, cabbage, and eggs.
“The inflation rate has improved. Indeed deflation occurred in September because in August it was high. But I think it will improve in October,” stated Mirza during an interview at BI’s office in Jakarta last Friday.
Despite such confidence, Mirza asserted that inflation rates might rise again in December mainly due to Christmas.
“Indeed there is usually a rise in inflation in December,” he concluded.
(hot/kc)