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Indonesia records 0.08% deflation in October: BPS
(illustration: antaranews
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(illustration: antaranews.com) (illustration: antaranews.com)
(illustration: antaranews.com)
The Central Statistics Agency (BPS) announced on Monday that Indonesia had recorded 0.08 percent deflation during the month of October due to a surplus of food supplies.
BPS head Suryamin said the country's deflation in October was higher than the previous month's 0.05 percent. He said staple foods contributed 1.06 percent to deflation in October.
With a surplus of supplies, the prices of food commodities such as eggs, chicken, vegetables and red and green chilies were left under-controlled.
"Hopefully, it will be under control within the next two months," said Suryamin in a press conference in Jakarta on Monday.
According to BPS data, Indonesia saw 0.47 percent inflation in October 2014, and 0.09 percent inflation in October 2013.
Suryamin said that with such inflationary pressures in October this year, the calendar year inflation rate, for January-October, stood at 2.24 percent while year-on-year inflation stood at 6.83 percent and yearly inflation 5.02 percent.
'Month to month core inflation is at 0.23 percent,' he said.
Of 82 consumer-price-index (IHK) cities, 44 cities saw a deflation in October while the other 38 saw an inflation.
The highest deflation rate occurred in Tanjung Pandan, with 1.95 percent, and the lowest deflation was in Padang Sidempuan, with 0.01 percent.
The highest inflation occurred in Manado, with 1.49 percent, and the lowest inflation, of 0.01 percent, was in Yogyakarta.
Based on BPS data, 14 cities in Sumatra experienced deflation, while 9 others suffered inflation. In Java, 14 cities experienced deflation and 12 inflation.
Of the 33 IHK cities outside of Sumatra and Java, 16 experienced deflation and 17 inflation.
"Overall, price controls have been running pretty well, proven by the fact that deflation is appearing all around Indonesia," Suryamin said. (ebf)
