JAKARTA. Monthly inflation in February stood at 0.23 percent month-on-month, bringing annual inflation to 3.41 percent, the Central Statistics Agency (BPS) reported on Wednesday. It was lower than the 0.97 percent seen a month earlier.February inflation was mainly caused by administered prices, such as the 900 volt-ampere (VA) electricity rates, as well as volatile foods including green chilies, shallots and cooking oil. Meanwhile, deflation occurred in several food commodities such as red chilies, chicken meat, eggs and air transportation costs."The inflation in food was very manageable because rice prices declined, except in some food commodities that easily decay because of weather [high rainfall], such as green chilies and shallots," BPS head Suhariyanto said in a press conference on Wednesday.
February inflation tamed at 0.23%
JAKARTA. Monthly inflation in February stood at 0.23 percent month-on-month, bringing annual inflation to 3.41 percent, the Central Statistics Agency (BPS) reported on Wednesday. It was lower than the 0.97 percent seen a month earlier.February inflation was mainly caused by administered prices, such as the 900 volt-ampere (VA) electricity rates, as well as volatile foods including green chilies, shallots and cooking oil. Meanwhile, deflation occurred in several food commodities such as red chilies, chicken meat, eggs and air transportation costs."The inflation in food was very manageable because rice prices declined, except in some food commodities that easily decay because of weather [high rainfall], such as green chilies and shallots," BPS head Suhariyanto said in a press conference on Wednesday.