Indonesia posts inflation of 0.19 percent in March

46

20150815_132351

JAKARTA (TheInsiderStories) – Indonesia recorded inflation of 0.19 percent in March from previous month driven by a rise of a number of product groups, including food products, the Central Statistic Bureau (BPS) announced.

The year on year inflation in the month stood at 4.45 percent, while the calendar inflation – January to March- stood at 0.62 percent, the Head of BPS Suryamin said.

The core inflation in March was at 0.21 percent,  while the core inflation year on year in March was was at 3.5 percent.

“Principally, the inflation remains under control,” Suryamin told reporters at a press conference.

He said basic food prices such as vegetables, spices are among food products that pushed up the inflation in the month. Rice, Indonesia’s staple food, declined, thanks to better coordination between the State Logistic Agency and regional governments, which have been monitoring the price of rice on weekly basis.

“The core inflation was at 3.5 percent, which is still in safe level. If the core inflation is above 5 percent, then the prices are alarming,” Suryamin said.

BPS recorded that food products increase 0.69 percent in the month; processed food, cigarette, beverage and tobacco rose 0.36 percent; clothing rose 0.55 percent, health increased 0.30 percent, education, recreation and sport rose 0.03 percent. While, product groups that recorded deflation were housing, water electricity, gas and fuel which edged lower by 0.07 percent and transportation, communication and financial services which declined by 0.22 percent. (*)

 

The post Indonesia posts inflation of 0.19 percent in March appeared first on The Insider Stories.

Source: The Insiderstories
Indonesia posts inflation of 0.19 percent in March

You might also like More from author

Comments are closed, but trackbacks and pingbacks are open.