TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
BPS records deflation in February
BPS said the deflation was primarily driven by a decrease in food commodity prices.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A farmer harvests chili in February at Terkesi village, Grobogan, Central Java. Statistics Indonesia (BPS) recorded that chilies were among the food commodities that saw price decreases in February. (Antara/Yusuf Nugroho)
I
ndonesia recorded the year's first deflation of 0.08 percent in February, compared to the 0.32 percent inflation it recorded in January, Statistics Indonesia (BPS) announced on Friday.
The figure brings year-to-date (ytd) and year-on-year (yoy) inflation rates to 0.24 percent and 2.57 percent, respectively.
Bloomberg reported that Indonesia's yoy inflation rate was the lowest since November 2009, and lower than the 2.75 percent median estimate from its survey of 24 economists.
February's 2.57 percent yoy inflation rate is well within Bank indonesia’s (BI) targeted annual inflation range of 2.5 percent to 4.5 percent.
BPS said the February deflation was driven primarily by a 1.11 percent price decrease in several food commodities.
Transportation, communication and financial services recorded 0.05 percent inflation in February, driven by airfare price hikes, said Yunita Rusanti, BPS deputy head of statistics distribution and services.
On the other hand, she said, the prices of non-subsidized fuels like Pertamax and Pertamax Turbo decreased in February, contributing to the deflation.
February also recorded 1.3 percent deflation in volatile food commodities, as well as a core inflation rate of 0.06 percent and 0.26 percent inflation in overall administered prices.
