The central bank said, in a press statement received here on Friday, that Octobers inflation was recorded at 0.09 percent month-to-month, or at 8.32 percent year-on-year, strengthening indications that inflation has returned to its normal monthly pattern.
Inflation in October was influenced by the food groups which continued to record a deflation of 0.80 percent month-to-month, although it was not as deep as in the previous month, due to the rising price of commodities, especially red chilli.
Inflation of the administered price group also continued to drop following the subsidized fuel price hike in June, recorded at 0.25 percent in October.
Core inflation, meanwhile, was recorded at 0.34 percent, which was lower than the previous month.
Also, the balance of trade in September recorded a deficit of US$0.7 billion, as had been predicted by BI.
The deficit occurred because a surplus in the non-oil and gas balance of trade dropped to US$0.5 billion, and the deficit in the oil and gas balance of trade rose to US$1.2 billion.
The decline of the surplus in the oil and gas balance of trade was driven by non-oil and gas imports, which grew faster (26.3 percent) compared to non-oil and gas export growth (18.6 percent).
Meanwhile, Indonesias trade deficit in the third quarter was recorded as decreasing from US$3.1 billion to US$2.9 billion.
Bank Indonesia predicts the drop in the balance of the trade deficit would contribute positively to the declining current account deficit in the third quarter.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
