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Jakarta Post

BPS records 0.59 percent inflation in June

Farida Susanty (The Jakarta Post)
Jakarta
Mon, July 2, 2018 Published on Jul. 2, 2018 Published on 2018-07-02T13:10:37+07:00

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BPS records 0.59 percent inflation in June Central Statistics Agency head Suhariyanto (JP/Anton Hermansyah)

T

he Central Statistics Agency (BPS) announced Monday that the inflation rate was recorded at 0.59 percent, which is considered a low rate, during the Ramadhan and Idul Fitri holiday season.

The figure is higher than the 0.21 percent inflation recorded in May.

Year-to-date inflation was recorded at 1.90 percent and year-on-year inflation at 3.12 percent.

"This 3.12 percent [inflation] is still lower than the [government] inflation target of 3.5 percent," BPS head Suhariyanto told a press conference.

He noted that this year's June inflation was lower than last year's 0.69 percent.

"This is an encouraging figure. We have to appreciate the government's hard work in maintaining low prices [of staple foods] prior to the Idul Fitri holiday," he said.

The biggest contributors to the inflation came from the transportation sector, communications and financial services and price changes in food.

Specifically, an increase in airfares for transportation during the Idul Fitri holiday was the top contributor to inflation at 0.26 percent, while price increases in fresh fish and chicken meat also contributed heavily to the rate. (bbn)

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