Indonesia`s Inflation Predicted to Be Low in April

Indonesia’s inflation rate is forecast to decelerate this month on the back of a declining trend in staple food prices and harvest time, according to BI.

Jakarta, 30 Rajab 1438/27 April 2017 )MINA) – Bank Indonesia (BI) predicted that the country’s inflation would not be too high this month with falling prices of foodstuffs amid harvest time .

Also Read: Saudi Arabia Wins Bid to Host World Expo 2030

“The inflation in April is expected to be not too high as a result of the harvest time,” Antara quoted head of the Monetary Economic Policy Department of the central bank Dody Budi Waluyo as saying.

The administered prices might increase as a result of the governments plan to raise the electricity tariff in June this year, but falling prices of foodstuffs would keep the inflation low, Dody said here on Thursday.

Last month, the country had a deflation of 0.02 percent as said by the Central Bureau of Statistics (BPS).

BPS said the deflation was also attributable to falling prices of a number of foodstuffs like rice, red chili, garlic, eggs and fresh fishes.

Also Read: 148 Products from Indonesia Promoted at Sarawat Superstore Jeddah

“The significant decline in the prices of a number of main foodstuffs resulted in the deflation in March,” BPS said. (T/RS5/RS1)

Mi’raj Islamic News Agency (MINA)

Also Read: Packaging Industry Supports Halal Ecosystem