Inflation
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.