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Jakarta Post

Inflation drops to 0.32 percent in January

  • Winny Tang and Riska Rahman

    The Jakarta Post

Jakarta   /   Fri, February 1, 2019   /   11:33 am
Inflation drops to 0.32 percent in January Statistics Indonesia head Suhariyanto (JP/Rachmadea Aisyah)

Inflation was recorded at 0.32 percent in January, far lower than the rate in the same month in the previous two years, which stood at 0.67 percent and 0.97 percent, respectively, Statistics Indonesia (BPS) announced on Friday.

Annual inflation stood at 2.82 percent in January, compared to 3.25 percent in January 2018 and 3.49 percent in January, 2017, thanks to the stable price of goods in the beginning of this year, BPS head Suhariyanto said in Jakarta on Friday.

“Inflation was low, while consumer purchasing power remains good,” he said during a press conference at BPS headquarters.

Suhariyanto, however, suggested that the government focus more on the price movement of volatile foods, which had contributed to the rise in inflation this month.

From the 82 cities surveyed, 73 cities posted inflation, while 9 cities saw deflation. The highest inflation was recorded in Tanjung Pandan at 1.23 percent, due to the price increase of eggs and chicken. Meanwhile, the highest deflation was recorded in Tual.

Yunita Rusanti, BPS deputy for statistics distribution and services, said the relatively benign inflation in January was also caused by the decline in prices of non-subsidized fuels last month. (bbn)