Inflation to touch 0.18% in April, Central Bank forecasts

Inflation to touch 0.18% in April, Central Bank forecasts

Executive director of BI’s Communication Department, Onny Widjanarko. (ANTARA/Indra Arief Pribadi/Sw)

Jakarta (ANTARA) - Indonesia's Central Bank (BI) has forecast that Indonesia's inflation rate would rise to 0.18 percent, mark-to-market (MTM), in April, 2020 compared to the previous month.

 

That would make the year-to-date (ytd) inflation rate 0.94 percent and year-over-year (yoy) inflation rate 2.78 percent, it added.

 

The calculation is based on a price survey conducted by the bank in Week Four of this month, executive director of BI’s Communication Department, Onny Widjanarko, said in a statement received here on Friday.

 

Onions have the biggest contribution to the inflation rate, followed by gold jewelry, oranges, sugar, and mineral water.

 

BI will strengthen coordination with the government and other related authorities to monitor the dynamic rate, which is currently being affected by the spread of the novel coronavirus disease (COVID-19). (INE)
 

Related news: COVID-19 forces change in Indonesia's Ramadhan, Idul Fitri traditions

Related news: Roll out economic stimulus to keep real sector moving: Jokowi


EDITED BY INE

Comments