ID :
17749
Tue, 09/02/2008 - 08:23
Auther :
Shortlink :
http://m.oananews.org//node/17749
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GOVT EXPECTS RAMADHAN INFLATIONARY PRESSURE REMAINS UNDER CONTROL
Jakarta, Sept 1 (ANTARA) - The government predicts seasonal inflationary pressure during the fasting month of Ramadhan can be brought under control, an official said.
"The on-month inflation in August is quite good. It serves as a good asset to enter the Ramadhan," Bayu Krisnamurthi, assistant for agricultural and fishery affairs to the coordinating minister for the economy, said here on Monday.
While admitting that the Ramadhan and the Lebaran post-fasting month festivities always put pressure on the inflation, he said the good asset in August would hopefully not cause seasonal inflation during the Ramadhan and Lebaran to soar, he said.
The prices of rice which constituted the biggest contributor to inflation were quite stable in recent months and even tended to fall, he said.
The same was also true with the prices of cooking oil and wheat flour, he said.
The prices of chicken meat and eggs showed an upward trend in the past few days as a result of the rise in the prices of animal feed, he said.
The Central Bureau of Statistics (BPS) said earlier in the day Indonesia's monthly inflation rate in August 2008 reached 0.51 percent, bringing the calendar inflation rate to 9.4 percent and the on-year inflation rate to 11.85 percent.
The August 2008 inflation was mainly the result of a 0.94 percent rise in the prices of foodstuffs and a 1.36 percent increase in the prices of services in the education, recreation and sports sectors, BPS Chief Rusman Heriawan said.
"The BPS did not record any increase in transport fares in August," he said.
The agency noted a rise in the prices of a number of commodities including fresh fish, chicken meat, eggs, and liquefied petroleum gas (LPG) as well as an increase in senior high school tuition fees contributed a lot to the August 2008 inflation.
"The on-month inflation in August is quite good. It serves as a good asset to enter the Ramadhan," Bayu Krisnamurthi, assistant for agricultural and fishery affairs to the coordinating minister for the economy, said here on Monday.
While admitting that the Ramadhan and the Lebaran post-fasting month festivities always put pressure on the inflation, he said the good asset in August would hopefully not cause seasonal inflation during the Ramadhan and Lebaran to soar, he said.
The prices of rice which constituted the biggest contributor to inflation were quite stable in recent months and even tended to fall, he said.
The same was also true with the prices of cooking oil and wheat flour, he said.
The prices of chicken meat and eggs showed an upward trend in the past few days as a result of the rise in the prices of animal feed, he said.
The Central Bureau of Statistics (BPS) said earlier in the day Indonesia's monthly inflation rate in August 2008 reached 0.51 percent, bringing the calendar inflation rate to 9.4 percent and the on-year inflation rate to 11.85 percent.
The August 2008 inflation was mainly the result of a 0.94 percent rise in the prices of foodstuffs and a 1.36 percent increase in the prices of services in the education, recreation and sports sectors, BPS Chief Rusman Heriawan said.
"The BPS did not record any increase in transport fares in August," he said.
The agency noted a rise in the prices of a number of commodities including fresh fish, chicken meat, eggs, and liquefied petroleum gas (LPG) as well as an increase in senior high school tuition fees contributed a lot to the August 2008 inflation.
