KONTAN.CO.ID - JAKARTA. Inflation remains well below the upper limit targeted by Bank Indonesia (BI) as the country heads into the fasting month, which typically sees food prices rise. As of the third week of May, according to a BI survey, year-on-year (yoy) inflation was recorded at 3.24 percent, safely within the government’s target range of 2.5 percent to 4.5 percent for this year. The figure marks a slowdown from April, when annual inflation was recorded at 3.41 percent, according to data from the Central Statistics Agency (BPS).
Inflation safely within BI target range at start of Ramadan
KONTAN.CO.ID - JAKARTA. Inflation remains well below the upper limit targeted by Bank Indonesia (BI) as the country heads into the fasting month, which typically sees food prices rise. As of the third week of May, according to a BI survey, year-on-year (yoy) inflation was recorded at 3.24 percent, safely within the government’s target range of 2.5 percent to 4.5 percent for this year. The figure marks a slowdown from April, when annual inflation was recorded at 3.41 percent, according to data from the Central Statistics Agency (BPS).