Bali’s H1 inflation rate ‘only’ 2 percent

DENPASAR: Bali’s relatively low inflation rate of 2 percent over the first half of the year, compared to 2.7 percent in the same period last year, is a reflection of the island’s stable and robust economy, a government official says.

Jeffry Kairupan, Bank Indonesia’s Bali office head, said on the sidelines of the bank’s anniversary on Tuesday that the island’s economic growth for the year would be between 6.1 and 6.5 percent.

In the first quarter of this year, economic growth stood at 6.1 percent, boosted by the increasing number of tourist arrivals and investors, he said.

“We hope that by the end of this year, growth will be at 6.5 percent,” Kairupan said.