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Inflation stays at 0.13 percent in September

Indonesia’s September inflation rate stands at 0.13 percent, versus a deflation of 0.07 percent in the previous month.

The figure brings the inflation rate 3.72 percent year on year and 2.66 percent so far this year, the Central Statistics Agency (BPS) announced on Monday.

Core inflation was recorded at 0.35 percent in September, while administered and volatile food prices booked an inflation of 0.15 percent and a deflation of 0.67 percent, respectively.

“Raw food price saw a deflation of 0.53 percent in September and commodities that contributed to it were onions, chicken meat, garlic, eggs and bird’s-eye chili,” BPS head Suhariyanto told reporters.

Read also: Statistics agency records deflation in August

Meanwhile, commodities such as red chili, rice, fresh fish and salt saw an increase in prices in September.

Education, recreation and sports contributed the highest inflation rate of 1.03 percent due to the rising cost of school and university tuition fees, Suhariyanto added.

“We hope inflation will be in control in October until December, because there will be many festivities in the year-end that could help achieve the targeted rate in the state budget,” he said.

The government has targeted this year’s inflation to reach 4.3 percent, while Bank Indonesia (BI) expects the rate to stay benign at below 4 percent. (bbn)

Source: Jakarta Post