Indonesia’s inflation throughout 2016 was at 3.02 percent, compared to 3.35 percent in 2015, the Central Statistics Bureau (BPS) announced on January 3.
Jakarta (VNA) – Indonesia’s inflationthroughout 2016 was at 3.02 percent, compared to 3.35 percent in 2015, the CentralStatistics Bureau (BPS) announced on January 3.
The figure is even lower than the projected 4 percent rate and the lowestfigure since 2010, thanks to the government’s price control, said head of the BPSSuhariyanto, adding that the inflation rate for December of 2016 was recordedat 0.42 percent.
Explaining the inflation in 2016, Suhariyanto said 78 out of 82 cities surveyedby the BPS saw inflation, while the remaining four witnessed deflation.
However, Suhariyanto said, price hikes, partially attributed to inflation lastyear, were found in several essential commodities such as red chili, fresh fishand dry spices.
In 2016, commodities such as electricity, water and gas saw an insignificantprice hike from the previous year. The decline was recorded in transportation,communications and financial service cost.-VNA
Indonesia recorded a trade surplus of 785.3 million USD in February from a deficit of 450 million USD in the previous month, reported the country’s Central Bureau of Statistics (BPS).
Indonesia’s inflation rate in December 2014 jumped to 8.36 percent year-on-year from 6.23 percent in November and its trade balance swung to a deficit after the country hiked fuel prices by 30 percent, according to the Statistics Indonesia (BPS).
The International Monetary Fund (IMF) has forecasted Indonesia’s economic growth will reach 5.1 percent in 2017, mostly driven by domestic expenditure and private investment.
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Illustrative image (Source: internet) 
