IMF estimates Indonesia's inflation to stay low this year
12:54, June 03, 2010

Email | Print | Subscribe | Comments | Forum 
Thomas R. Rumbaugh, the IMF representative in Indonesia said that power bill hike plan would only contribute 0.2 percent to the inflation rate. Meanwhile, the plan to limit subsidized gasoline consumption would be insignificant to influence the inflation rate.
At the same time, the growing bank loans and recovering domestic demands would give significant pressure to the inflation rate, Thomas said.
"By considering all of those factors, we estimated that the inflation will grow to no further than 5 percent before year end," Thomas was quoted by the Bisnis Indonesia daily.
According to the data issued by the Central Statistic Bureau ( BPS), inflation rate in May was recorded at 0.29 percent. It made the inflation rate from January to May this year has reached 1.44 percent.
Source:Xinhua
(Editor:黄蓓蓓)

Related Reading
Indonesian central bank forecasts growth to reach 6.5% in 2011
Indonesia's flag carrier resumes Europe flight after EU ban ends
Indonesia to verify citizens' condition after Israeli attack, seeks for responsibility
Indonesia prepares new regulation for gearing up for euro crisis
Indonesian president to convey condemnation on Israel to Obama

Tibet poised to embrace even brighter future, 60 years after peaceful liberation
Chinese official calls for more language, culture exchanges with foreign countries
Senior Chinese leader calls for efforts to develop new energy
Central gov't delegation arrives in Lhasa for Tibet Peaceful Liberation Celebrations
China Southern Airlines sends charter flight carrying peacekeepers to Liberia

