"Hopefully (the economic growth) in the second quarter (Q2) was 5.15 percent ,......still below the national spending capacity that the inflationary pressure still was low," Perry said here on Friday.
Inflation, which was still well under control contributed to the economic growth recovery. The country`s inflation until July this year was 3.18 percent yoy, which was relatively low and could help improve household consumption.
The inflation was low but it did not reflect stagnation in consumption, he said, adding consumption grew driven by spending for school cost, rents, and momentum of high consumption during Ramadan and Ied ul Fitr.
He said the pressure on rupiah exchange value that could trigger increases in prices of goods and imports had no significant effect in raising inflation and hampering economic growth.
The reasons was , both exporters and importers were quite compliant in readying themselves with foreign exchange hedging that the risk of swelling exchange rate could be reduced, he said.
"I am confident exporters and importers already protect themselves with hedging to mitigate the risk," he said.
The Central Bureau of Statistics is scheduled to announce the country`s Q2 economic growth on August 6, 2018,
Reporting by Indra Arief Pribadi (AS)
Editing by Alberta Saragih, Eliswan Azly
Reporter: Antara
Editor: Andi Abdussalam
Copyright © ANTARA 2018
