Bank Indonesia sees inflation at 0.01% in August

Published 2021년 8월 27일

Tridge summary

Bank Indonesia forecasts a monthly inflation rate of 0.01% for August 2021, with an annual inflation rate of 0.82% and an annual growth rate of 1.57%. This is largely due to price increases in cooking oil, tomatoes, chicken egg, and cigarettes, but there is also deflation in certain commodities. The central bank will continue to monitor the economic impact of COVID-19 and work with the government to stabilize the macro-economy and support economic growth. Additionally, the amount of foreign capital flowing into Indonesia is around Rp7.67 trillion this week.

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Original content

Jakarta (ANTARA) - Bank Indonesia has forecast 0.01 percent monthly inflation in August 2021 in view of the price development of cooking oil, tomato, chicken egg, and cigarette. "With that development, the year-to-date inflation is projected to be around 0.82 percent while the year-on-year inflation will be around 1.57 percent for August 2021," executive director of Bank Indonesia's communications department, Erwin Haryono, said in a statement released here on Friday. Based on Bank Indonesia's Price Monitoring Survey (SPH), until the fourth week of August 2021, the biggest contributors to inflation were cooking oil commodity (0.03 percent month-to-month), tomatoes (0.02 percent mtm), and chicken, egg, and cigarette (0.01 percent mtm each), he informed. However, other commodities experienced a deflation — cayenne pepper (-0.05 percent mtm), red chili pepper (-0.03 percent mtm), and kale, spinach, mustard greens, long beans, onions, oranges, golden jewelry, and intercity ...

Source: Antaranews