JAKARTA. BI (the Central Bank) predicts that inflation rate in December 2016 will be lower than December 2015. Executive Director of Economic and Monetary Policy of BI Juda Agung said that the low inflation rate in the first week of December 2016 may reflect the inflation rate in the whole month. The results of weekly research conducted by BI show that the inflation rate in the first week of December was only 0.18%. Usually, the inflation rate will increase ahead of Christmas and New Year festivities. However, the inflation rates during the third and fourth week of December this year are predicted to be not too high. Based on the inflation rate in the first week of December, Juda projected that monthly inflation rate in December 2016 will be ranging at 0.5%-0.6%. This is equal with the inflation rate in December 2011, 2012, and 2013.
Low inflation rate trend in December 2016
JAKARTA. BI (the Central Bank) predicts that inflation rate in December 2016 will be lower than December 2015. Executive Director of Economic and Monetary Policy of BI Juda Agung said that the low inflation rate in the first week of December 2016 may reflect the inflation rate in the whole month. The results of weekly research conducted by BI show that the inflation rate in the first week of December was only 0.18%. Usually, the inflation rate will increase ahead of Christmas and New Year festivities. However, the inflation rates during the third and fourth week of December this year are predicted to be not too high. Based on the inflation rate in the first week of December, Juda projected that monthly inflation rate in December 2016 will be ranging at 0.5%-0.6%. This is equal with the inflation rate in December 2011, 2012, and 2013.