Indonesia’s central bank forecasts below 4% inflation in 2023

Bank Indonesia (BI) projects that the country’s inflation rate will stay around 3% next year.

Thursday, October 13, 2022 22:02

Indonesia’s central bank forecasts below 4% inflation in 2023 ảnh 1

BI Governor Perry Warjiyo (Photo: antaranews)

Jakarta (VNA) - Bank Indonesia (BI) projects that the country’sinflation rate will stay around 3% next year.

BI Governor Perry Warjiyo said on October 13 that thecentral bank estimates the rate would be around 3.6% in the third quarter of2023, and 3% in the fourth quarter.

Previously, BI estimated that the inflation rate until theend of 2022 would rise above 6% as a result of a surge in fuel prices andtransportation fares.

However, this rate will be still below the global averageinflation, which can reach around 9% due to geopolitical conflicts in Europe thathave resulted in an increase in world energy and food prices, the bank said./.

VNA

#Bank Indonesia #Governor Perry Warjiyo #inflation #Indonesia #Vietnam #Vietnamplus #Vietnam News Agency

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