JAKARTA. Coordinating Economic Minister Sofyan Djalil said on Monday that until the middle of this year, Indonesia’s inflation had been relatively controlled, although the inflation rate in July is supposed to approach 1 percent. “Our inflation targets were well controlled during Ramadhan. The inflation rate increased in July but it was still good. This indicates that regional inflation control teams’ [TPID] work performances have been more effective,” he said as quoted by Antara in Jakarta on Monday. Sofyan claimed such a controlled inflation rate showed that the government’s efforts to safeguard food commodity prices during the period of June-July were relatively successful, although the inflation rate could have been lower than what had been achieved.
Inflation still controlled, says minister
JAKARTA. Coordinating Economic Minister Sofyan Djalil said on Monday that until the middle of this year, Indonesia’s inflation had been relatively controlled, although the inflation rate in July is supposed to approach 1 percent. “Our inflation targets were well controlled during Ramadhan. The inflation rate increased in July but it was still good. This indicates that regional inflation control teams’ [TPID] work performances have been more effective,” he said as quoted by Antara in Jakarta on Monday. Sofyan claimed such a controlled inflation rate showed that the government’s efforts to safeguard food commodity prices during the period of June-July were relatively successful, although the inflation rate could have been lower than what had been achieved.