Jakarta, ID
Monday, May 28 2012, 01:01 AM

Business

Gold prices down, easing inflation

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Gold prices that pushed inflation up in March have gone down and thus, will give less impact on inflation this month, says the Central Statistics Agency (BPS).

"Gold prices -- a big component of inflation -- are declining globally," BPS Rusman Heriawan said Tuesday at the State Palace.

He said inflation was 0.2 percent in March because of high prices of gold jewelry, and, therefore April would post deflation, or quite low inflation.
 
The projected deflation might materialize as staple food prices were showing a declining trend as well, he said.