BPS; inflation in October to drop below two digits

Jakarta (Antara News) - The Central Bureau of Statistics (BPS) predicts year-on-year inflation in October will drop below two digits after reaching 14.55 percent in September.

"God willing, year-on-year inflation next month will be below ten percent unless there is no eventuality," BPS chief Rusman Heriawan said here on Monday.

He said inflation in October last year reached 8.7 percent as a result of fuel oil price hike, fasting month and post-fasting celebrations that had made all prices go up.

He said he predicted the inflation in October would range between one and 1.5 percent if nothing extraordinary occurred.

He said prices of products such as meat, flour and sugar would probably increase significantly in the month in line the Islamic fasting month of Ramadhan and post-fasting celebrations.

He said the inflation in September was recorded at 0.38 percent, up from 0.33 percent in August.

The inflation from January to September meanwhile was recorded at 4.06 percent and 14.55 percent year-on-year.

Rusman said based on data except in 2006 when oil prices were raised the inflation during Islamic fasting month, post-fasting celebrations, Christmas and New Year festivities had never been above two percent. (*)
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