Jakarta, Aktual.com – Governor of Bank Indonesia Agus Martowardojo said the consumer price index until the third week of August 2016 there is inflation or deflation of minus 0.6 percent.
“We watched until the third week of a deflation of 0.6 percent,” Agus said after attending the launch of BI Institute in Jakarta, Monday (22/8).
BI Senior Deputy Governor Mirza Adityaswara explain deflation in August 2016 not because of weak public demanders. According to him, on a seasonal basis from year to year, in mid-August is often the case of deflation, after the momentum peak of inflation in June and July, which triggered Ramadan and Eid.
After Eid, prices correction, because of public demand returned to normal.
“If now deflation, more to the seasonal factor. Because no price increases during Eid, and now corrected again,” he said.
Mirza said that so far the rate of inflation remained under control. The indicators, he said, inflation in June and July which is the high consumption trend becomes lowest in the average of the last five years.
“yesterday that inflation exists, but not as high as usual, about 0.69 percent (month to month / MTM) in July 2016,” he said.
Until July 2016, inflation in the current year amounted to 1.76 percent (year to date / YTD) and 3.21 per cent on an annual basis (year on year / YOY). As for core inflation of 0.34 percent (MTM) and 3.49 percent (YOY).
Inflation is one of the macroeconomic indicators that guarded the Central Bank to maintain economic stability. Other indicators such as the current account balance this year, according to Agus still in safe range that is 20 billion dollars, or 2.2 percent of the Gross Domestic Product.
Meanwhile, the central bank has lowered its growth forecast from 4.9 to 5.3 percent of the national economy.
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