JAKARTA (TheInsiderStories) - Indonesia’s inflation touched the lowest level in six years period from 6.96 percent in 2010 to 3.35 percent at the end of 2015 (y-o-y), chairman of Central Statistics Agency stated. In November inflation recorded 4.89 percent.
“The inflation number was the lowest in the past five years,” the Suryamin said.
According to him, compared with a month earlier, prices of goods and services rose 0.96 percent in December, accelerating from 0.21 percent in November, as prices of basic food commodities rose 0.65 percent.
Core inflation eased to 3.95 percent from 4.77 percent in November.
Meanwhile, Senior Minister for Economic Affairs, Darmin Nasution seen pressure on inflation will be reduced in 2016 by the government’s plan to lower fuel prices and keep the prices of commodities.
Pressure on December, He said, mostly because there are some commodity price rises such as chili, onion, egg and chicken meat. As a result, He explained, in y-o-y basis the inflation above the previous estimates below 3 percent.
“That happens because the supply of goods is less because the demand slightly increased. But this temporary issue and will return to normal in the not too long,” Darmin said.