ID :
63617
Mon, 06/01/2009 - 15:50
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https://www.oananews.org//node/63617
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BI: MAY INFLATION MORE CONTROLLABLE
Jakarta, June 1 (ANTARA) - Bank Indonesia (BI, the country's central bank), estimates that inflation in May 2009, especially the year-on-year rate, would be more controllable than the rate in the previous month.
"It seems the year on year inflation will be better, historically it will be better," Miranda S. Goeltom, acting BI Governor, said at the finance ministry office here on Monday.
Goeltom made the statement prior to attending a coordinating meeting which was expected to discuss follow up measures on the Bank Century case at the office of the economic coordinating minister. Among those attending the meeting were National Police Chief Bambang H Danuri and Attorney General Hendarman Supandji.
According to Goeltom, the factor which caused the May inflation to be more controllable was among other things a smaller volatility of food prices.
"Food price volatility was smaller in May," she said.
The National Bureau of Statistics (BPS) recorded a deflation of 0.31 percent in April 2009 and a consumer price index at 113.92, bringing the calendar inflation rate to 0.05 percent and the year-on-year inflation rate to 7.31 percent.
The BPS recently predicted the on-year inflation rate in 2009 may fall short of the government-set target of 6 percent.
"The inflation rate of 0.05 percent in the first four months of 2009 sends a good signal that the inflation rate this year may be 6 percent or even lower than the government-set target if the current situation continue to prevail throughout the year," BPS Chief Rusman Heriawan said in a press conference recently.
Meanwhile, Acting Coordinating Minister for Economic Affairs Sri Mulyani Indrawati said recently she believed the positive sentiment in the country's economy would be able to keep the inflation rate in 2009 at not more than five percent.
"If the trend can be maintained, the five percent rate of inflation can be reached and this condition will be good for economic recovery," she said.
She said the positive sentiment could also be seen from economic indicators such as the year-on-year inflation rate that was recorded at 7.32 percent while inflation from January to April was only 0.05 percent. ***
"It seems the year on year inflation will be better, historically it will be better," Miranda S. Goeltom, acting BI Governor, said at the finance ministry office here on Monday.
Goeltom made the statement prior to attending a coordinating meeting which was expected to discuss follow up measures on the Bank Century case at the office of the economic coordinating minister. Among those attending the meeting were National Police Chief Bambang H Danuri and Attorney General Hendarman Supandji.
According to Goeltom, the factor which caused the May inflation to be more controllable was among other things a smaller volatility of food prices.
"Food price volatility was smaller in May," she said.
The National Bureau of Statistics (BPS) recorded a deflation of 0.31 percent in April 2009 and a consumer price index at 113.92, bringing the calendar inflation rate to 0.05 percent and the year-on-year inflation rate to 7.31 percent.
The BPS recently predicted the on-year inflation rate in 2009 may fall short of the government-set target of 6 percent.
"The inflation rate of 0.05 percent in the first four months of 2009 sends a good signal that the inflation rate this year may be 6 percent or even lower than the government-set target if the current situation continue to prevail throughout the year," BPS Chief Rusman Heriawan said in a press conference recently.
Meanwhile, Acting Coordinating Minister for Economic Affairs Sri Mulyani Indrawati said recently she believed the positive sentiment in the country's economy would be able to keep the inflation rate in 2009 at not more than five percent.
"If the trend can be maintained, the five percent rate of inflation can be reached and this condition will be good for economic recovery," she said.
She said the positive sentiment could also be seen from economic indicators such as the year-on-year inflation rate that was recorded at 7.32 percent while inflation from January to April was only 0.05 percent. ***
