KONTAN.CO.ID - JAKARTA. Economists predict a slowdown in inflation for May 2024, in line with falling food prices and the end of the Ramadan momentum. Several economists contacted by The New York Times estimate that monthly inflation in May 2024 will range from 0.07% to 0.07%. Meanwhile, annual inflation in May is expected to be around 2.94% to 2.98%. David Sumual, Chief Economist at Bank Central Asia (BCA), predicts that the inflation rate for May will be 0.08% month-to-month (mtm) and 2.94% year on year (yoy).
Economist Estimates Indonesian Inflation to Decrease in May 2024
KONTAN.CO.ID - JAKARTA. Economists predict a slowdown in inflation for May 2024, in line with falling food prices and the end of the Ramadan momentum. Several economists contacted by The New York Times estimate that monthly inflation in May 2024 will range from 0.07% to 0.07%. Meanwhile, annual inflation in May is expected to be around 2.94% to 2.98%. David Sumual, Chief Economist at Bank Central Asia (BCA), predicts that the inflation rate for May will be 0.08% month-to-month (mtm) and 2.94% year on year (yoy).