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Bank Indonesia predicts deflation in October
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Bank Indonesia (BI) projected October's consumer price index (CPI) would deflate 0.09 percent (month-on-month), due to a lowered price of staple commodities especially onions, chilies and rice.
"According to last week's [consumer prices] survey, we record 0.09 percent deflation. It proves that this year's inflation is controlled and, at the same time, lowered," said BI's Deputy Governor Perry Warjiyo in Surabaya, on Wednesday.
On year-to-date (ytd) basis, he further said, the inflation would be 2.15 percent and year-to-year (yoy) inflation would be 6.24 percent in October.
Ultimately, the inflation would be 3.6 percent at the end of the year, or lower than BI's previous target of 4 percent.
Moreover, Perry said Indonesian economic growth was predicted to be around 4.8 percent to 4.9 percent this year, with fourth quarter growth at around 5.1 percent.
The current account deficit would be around 3.1 percent of the gross domestic product (GDP). (dan)
