Indonesia’s inflation was 0.68 percent in May, higher than the 0.44 percent registered in April due to high consumption during the month of Ramadan, according to Statistics Indonesia (BPS).
Jakarta (VNA) – Indonesia’s inflation was 0.68 percent in May, higherthan the 0.44 percent registered in April due to highconsumption during the month of Ramadan, according to Statistics Indonesia(BPS).
Consumer spending usually increases in Ramadan, which began on May 5 this year,leading to above-average monthly inflation.
May's inflation hike brought the year-to-date inflationto 1.48 percent, while the year-on-year inflation is 3.32 percent.
Suhariyanto, head of BPS, said that inflation remain largely under control. Thegovernment has a target range of 3.5 percent to 4.5 percent for annualinflation. - VNA
The International Monetary Fund (IMF) has forecasted Indonesia’s economic growth will reach 5.1 percent in 2017, mostly driven by domestic expenditure and private investment.
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Indonesia on May 25 lifted temporary social media restrictions imposed a few days ago to prevent the spread of false information when violence erupted after the announcement of official presidential election results.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
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The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
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The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
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Illustrative image (Photo: thejakartapost.com)
