KONTAN.CO.ID - Bank Indonesia says deflation could occur August as a result of lower transportation costs and staple food prices. A central bank survey showed that inflation stood at 0.01 percent in the third week of August, keeping annual inflation benign at 3.9 percent. "Deflation may occur because [inflation of] 0.01 percent is very low," Agus said. "But that's according to BI's survey."
Deflation may occur in August: Bank Indonesia
KONTAN.CO.ID - Bank Indonesia says deflation could occur August as a result of lower transportation costs and staple food prices. A central bank survey showed that inflation stood at 0.01 percent in the third week of August, keeping annual inflation benign at 3.9 percent. "Deflation may occur because [inflation of] 0.01 percent is very low," Agus said. "But that's according to BI's survey."