JAKARTA (TheInsiderStories) - Statistics bureau announced Indonesia experienced an inflation 0.10 percent on monthly basis, 0.36 percent on calendar year, and 1.38 percent on annual basis in February 2021, the chairman announced today. Much of the driving force for inflation came from higher commodity prices.
“The consumer price index (CPI) recorded of 106.06 and 56 cities experienced inflation while 34 cities experienced deflation,” said head of the agency, Suhariyanto, virtually on Monday (03/01).
He elaborated, food, beverage and tobacco group rose by 0.07 percent. Then, clothing and footwear group by 0.06 percent, housing, water, electricity, and household fuels group of 0.04 percent, equipment, tools, and household routine maintenance group by 0.36 percent, and health group by 0.19 percent on February.
In addition, the transportation group by 0.30 percent, the recreation, sports, and culture group by 0.06 percent, and the food and beverage or restaurant supply group by 0.28 percent. The expenditure group that experienced a decrease in index were the information, communication and financial services group by 0.03 percent and the personal care and other services group by 0.14 percent.
Meanwhile, the education group did not change. Suhariyanto also reported, the core component in February experienced inflation of 0.11 percent, on calendar year was 0.25 percent, and in annual basis at 1.53 percent.
Currently, Bank Indonesia (BI) rated, the global economic recovery is starting to show and is predicted to continue and the domestic economy shows gradual improvement. According to the central bank report, vaccination implementation and national policy synergy are predicted to boost momentum for future national economic recovery.
The policymakers predicted Indonesia’ economic growth in the range of 4.3 - 5.3 percent in 2021, with inflation predicted to remain under control within the 3.0 ± 1 percent target. While, the current account deficit is predicted to remain low at around 1.0 - 2.0 percent of GDP, thereby supporting resilience in the external sector of the Indonesian economy. On the other hand, the financing growth is estimated at 5 - 7 percent.
Written by Editorial Staff, Email: theinsiderstories@gmail.com
