Inflation forecasted to lie below 5.85% at the end of 2011.

By bne IntelliNews September 8, 2011
Indonesia's inflation has been forecasted to lie below 5.85% at the end of this year. As reported by Asia Pulse, PBS head Rusman Heriawan stated that inflation is expected to reach 2.69% in the first eight months of the year, taking into account the inflation rate of 0.93% registered in August, whereas the same has been predicted to reach 2% at the end of December, such that the average inflation rate comes at 0.5% per month. Thus, the accumulated inflation has been calculated to lie in the range of 4.7%-5.0% for the end of the year. The government did not increase the prices of fuel oils and the electricity tariffs in the last four months which have contributed to the formation of such expectations.

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