BPS records 0.2% inflation in November
Marchio Irfan Gorbiano
The Jakarta Post
Inflation in November stood at 0.2 percent, the lowest month-to-month (mom) rate in November in the last three years, the Central Statistics Agency (BPS) announced on Monday.
Inflation in November 2014 was recorded at 1.5 percent, while in the same month in 2015 stood at 0.21 percent and 0.47 percent in November 2016.
Meanwhile, inflation from January to November stood at 2.87 percent, while 3.3 percent year-on-year (yoy), BPS head Suhariyanto told reporters on Monday.Read also: Inflation stays put at 0.01% in October
“The volatile food prices contribute 0.08 percent to inflation, [the highest contributor] because of the price increase of some commodities like rice, onion, chicken, fish and eggs,” said Suhariyanto.
He added that the prices of commodities such as garlic, tomatoes and oranges slightly declined in November. “We hope inflation in December is still under control to assure that it will meet the government’s target,” said Suhariyanto.
The government set its inflation rate assumption at 4.3 percent in the 2017 revised state budget, while Bank Indonesia expects inflation to stay below 4 percent. (bbn)
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