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.

Jakarta Post

Inflation drops further in July, sustaining downward trend

  • Dzulfiqar Fathur Rahman


Jakarta   /   Thu, August 6 2020   /  01:00 am
People practice social distancing while buying vegetables amid the coronavirus disease (COVID-19) outbreak in Depok, near Jakarta Indonesia, April 28, 2020. (REUTERS/Ajeng Dinar Ulfiana)

The downward trend in the annual inflation rate continued in July, the lowest since 2000, as the COVID-19 pandemic ravages people’s purchasing power. Statistics Indonesia’s (BPS) consumer price index (CPI) was up by 1.54 percent year-on-year (yoy) in July, below Bank Indonesia’s (BI) target range of between 2 and 4 percent for the year. It was also lower than June’s annual inflation rate of 1.96 percent. Meanwhile, the core annual inflation rate stood at 2.07 percent, as government-administered prices were up 0.70 percent and volatile prices only rose by 0.35 percent yoy. “The core inflation was still weak despite a slight [monthly] increase in July, which suggests that we still have to work hard to boost people’s purchasing power,” BPS head Suhariyanto said in a virtual briefing on Monday. The government gradually restarted economic ...