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Inflation rises to 0.39% in May amid price increases
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Central Statistics Agency (BPS) head Suhariyanto (center) speaks at a media briefing. (JP/Prima Wirayani)
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nflation in May stood at 0.39 percent month-to-month (mtm), bringing annual inflation to 4.33 percent year-on-year (yoy) as prices increased ahead of Ramadhan, the Central Statistics Agency (BPS) announced on Friday.
Annual inflation in May was higher than in the same month last year at 3.33 percent, but lower compared to 7.15 percent in the corresponding month of 2015.
It was also higher than monthly and annual inflation in April, which stood at 0.09 percent mtm and 4.17 percent yoy, respectively.
(Read also: Government needs to focus on Inflation control: Bank Indonesia)
"[In the final days of May], we entered Ramadhan, quite different from last year when the fasting month started on June 6,” said BPS head Suhariyanto in a press conference.
Inflation in May was triggered by price increases for major food commodities such as garlic, chicken eggs, chicken, rice and beef, as well as other costs, which include electricity, fuel, airline fares and cigarettes.
The BPS believes the government will be able to increase food supplies during Ramadhan amid the price increases, which had been triggered by rising demand and inadequate supply.
Bank Indonesia targeted inflation this year to hover between 3 percent and 5 percent. (bbn)
