JAKARTA. Data from National Statistic Agency (BPS) show that Consumer Price Index (IHK) inflation in September 2016 stood at the rate of 0.22%. In the calendar year of 2016, inflation stood at 1.97%, while inflation on year on year basis in September 2016 stood at the rate of 3.07%. Head of BPS Suhariyanto claimed that inflation rate in September 2016 was still under control. “Based on the inflation rate on calendar year basis, inflation in the next three months is expected to be under control”, said Suhariyanto. The 2016 Revised State Budget set a 4% of annual inflation rate. According to BPS record, the increase in cellular phone pulse price, house renting cost, tuition fees, cigarette price, electricity tariff, and chili price contributed to inflation in September 2016. Meanwhile, deflation in food price stood at the rate of 0.07%. Suhariyanto added filter cigarette and white cigarette prices rises contributed to 0.02% and 0.01% of total inflation rate, respectively.
BI may cut benchmark rate again
JAKARTA. Data from National Statistic Agency (BPS) show that Consumer Price Index (IHK) inflation in September 2016 stood at the rate of 0.22%. In the calendar year of 2016, inflation stood at 1.97%, while inflation on year on year basis in September 2016 stood at the rate of 3.07%. Head of BPS Suhariyanto claimed that inflation rate in September 2016 was still under control. “Based on the inflation rate on calendar year basis, inflation in the next three months is expected to be under control”, said Suhariyanto. The 2016 Revised State Budget set a 4% of annual inflation rate. According to BPS record, the increase in cellular phone pulse price, house renting cost, tuition fees, cigarette price, electricity tariff, and chili price contributed to inflation in September 2016. Meanwhile, deflation in food price stood at the rate of 0.07%. Suhariyanto added filter cigarette and white cigarette prices rises contributed to 0.02% and 0.01% of total inflation rate, respectively.