Inflation in August in the range of 0.9 to 1%
JAKARTA – Inflation in August was considered relatively high in the range of 0.9 to 1 percent. Inflation was fueled by higher prices of certain foodstuffs.
“We believe that monthly inflation reached 0.93 percent, annual inflation (yoy) is 6.62 percent,” said World Bank economist Helmi Arman Tbk PT DANAMON and Anton Gunawan by his statement written yesterday.
They said the monthly inflation rate during Ramadan is likely to be high because of rising food prices. In addition, no price snack food produced is estimated to increase after that food prices have risen since last June Apart from food, increase the electricity tariff base, they also begin to take effect this month actually.
This is considered a trigger faster inflation. Meanwhile, economists Danareksa Research Institute Purbaya Yudhi Sadewa estimate the inflation rate in August in the range of 0.9 to 0.91 percent. In comparison with some ASEAN countries, inflation in Indonesia has its own characteristics when combined with a time of Idul Fitri.
He said inflation in both neighboring countries namely Thailand and Malaysia are not as high inflation which took place in Indonesia in spite of it to celebrate Idul Fitri. This was probably caused by the attitude of traders who went with the higher prices if the price of goods rises.
Formerly director of the Central Statistics Agency Rusman Heriawan predict that inflation in August 2010 was around one percent. Rice and electricity remain the largest contributor to inflation. “I can predict inflation in August is less than one per cent or more than one per cent, but the number of about one percent,” said Rusman.
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