JAKARTA. The Central Statistics Agency (BPS) has predicted inflation will decrease on the back of the fasting month of Ramadhan, set to start in early June. "The government should prepare supplies of basic commodities in order to maintain commodity prices. Inflation in June is expected to be moderate," BPS deputy head of distribution and statistics Sasmito Hadi Wibowo said in Jakarta on Monday, adding that as long as there was no increase in fuel prices, commodity prices would remain at a safe level. Sasmito also predicted low inflation, dropping below 0.5% this month, partly as a result of the decrease in fuel prices since April, resulting in 0.45% deflation. "Fuel prices will probably be stable this month, resulting in relatively light inflation, ranging below 0.5%," he said.
BPS predicts moderate inflation during Ramadhan
JAKARTA. The Central Statistics Agency (BPS) has predicted inflation will decrease on the back of the fasting month of Ramadhan, set to start in early June. "The government should prepare supplies of basic commodities in order to maintain commodity prices. Inflation in June is expected to be moderate," BPS deputy head of distribution and statistics Sasmito Hadi Wibowo said in Jakarta on Monday, adding that as long as there was no increase in fuel prices, commodity prices would remain at a safe level. Sasmito also predicted low inflation, dropping below 0.5% this month, partly as a result of the decrease in fuel prices since April, resulting in 0.45% deflation. "Fuel prices will probably be stable this month, resulting in relatively light inflation, ranging below 0.5%," he said.