Jakarta (ANTARA News) – Bank Indonesia predicted that the countrys inflation would not be too high this month with falling prices of foodstuffs amid harvest time .
“The inflation in April is expected to be not too high as a result of the harvest time,” head of the Monetary Economic Policy Department of the central bank Dody Budi Waluyo said.
The administered prices might increase as a result of the governments plan to raise the electricity tariff in June this year, but falling prices of foodstuffs would keep the inflation low, Dody said here on Thursday.
Last month, the country had a deflation of 0.02 percent as said by the Central Bureau of Statistics (BPS). BPS said the deflation was also attributable to falling prices of a number of foodstuffs like rice, red chili, garlic, eggs and fresh fishes.
“The significant decline in the prices of a number of main foodstuffs resulted in the deflation in March,” BPS said.(*)