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Jakarta Post

Government predicts 0.5% inflation in June

  • News Desk

    The Jakarta Post

Jakarta   /   Tue, June 27, 2017   /   06:25 pm
Government predicts 0.5% inflation in June Coordinating Economic Minister Darmin Nasution and Agrarian and Spatial Planning Minister Sofyan Djalil talk after attending a limited Cabinet meeting in Jakarta. (Antara/Wahyu Putro A)

The government and Bank Indonesia predict that inflation in June will reach around 0.5 percent, compared to 0.39 percent in May.

The inflation rate is in line with the government's target, said Coordinating Economic Minister Darmin Nasution on Monday.

"The rate is slightly higher but it's still in our range," he said as quoted by tribunnews.com.

"The contribution of the food sector is a bit higher than the contribution of the other sectors, but generally, the source of inflation is spreading quite equally. In previous years, the inflation was mainly caused by food. This year it is also generated by things such as housing and administered prices," he said.

(Read also: BI revises down 2017 inflation prediction made in April)

Bank Indonesia deputy senior governor Mirza Adityawarsa said the central bank also predicted that inflation would reach 0.5 percent in June.

He said inflation during this year's fasting month was lower than the last year’s figure.

"Inflation during the fasting month can sometimes reach above 1.5 percent. So it's very good if the month-on-month inflation rate reaches 0.5 percent," he said. (rdi/bbn)