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Indonesia’s inflation lowest in eight years

Indonesia’s inflation throughout 2016 was at 3.02 percent, compared to 3.35 percent in 2015, the Central Statistics Bureau (BPS) announced on January 3.
Indonesia’s inflation lowest in eight years ảnh 1Illustrative image (Source: internet)
Jakarta (VNA) – Indonesia’s inflationthroughout 2016 was at 3.02 percent, compared to 3.35 percent in 2015, the CentralStatistics Bureau (BPS) announced on January 3.

The figure is even lower than the projected 4 percent rate and the lowestfigure since 2010, thanks to the government’s price control, said head of the BPSSuhariyanto, adding that the inflation rate for December of 2016 was recordedat 0.42 percent.

Explaining the inflation in 2016, Suhariyanto said 78 out of 82 cities surveyedby the BPS saw inflation, while the remaining four witnessed deflation.

However, Suhariyanto said, price hikes, partially attributed to inflation lastyear, were found in several essential commodities such as red chili, fresh fishand dry spices.

In 2016, commodities such as electricity, water and gas saw an insignificantprice hike from the previous year. The decline was recorded in transportation,communications and financial service cost.-VNA
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