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 .

“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.

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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.

“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)