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Jakarta Post

RI economy may face inflation peril: UN survey

  • <b>Aditya Suharmoko</b>

    The Jakarta Post

Jakarta   /   Fri, March 28 2008   /  01:37 am

Indonesia's economy will remain robust this year but inflation will pose a serious threat, a UN Economic and Social Commission for Asia and the Pacific (UNESCAP) report predicts. "In terms of inflation, there is a lot of concern due to the high oil and food prices," UNESCAP officer Nobuko Kajiura said Thursday. In its latest survey conducted in December 2007, UNESCAP predicted the economy would grow by 6.2 percent this year, with the inflation rate reaching 6.4 percent, within range of the 6.2-6.8 percent target set by the government and the central bank. The country's economy, the report said, was expected to remain strong as it would mainly be driven by private consumption and supported by higher domestic and foreign investments. Nobuko said, however, the country's inflation rate could rise should global food and crude oil prices continue to increase...