Tuesday, 02 June 2020 20:24

May 2020 Inflation Rate Clocked in at 0.07 Percent: BPS

Written by 
Rate this item
(0 votes)

May 2020 inflation rate clocked in at 0.07 percent: BPS
BPS Head Suhariyanto. ANTARA/Mentari Dwi Gayati/am

 

The Central Statistics Agency (BPS) recorded an inflation rate of 0.07 percent in May 2020 or lower from the corresponding period last year owing to decreased public demand during the Eid al-Fitr celebrations.

"Inflation in May is very small, very far as compared to that during Eid al-Fitr last year when it touched 0.55 percent in June," BPS Head Suhariyanto stated during a virtual press conference in Jakarta on Tuesday.

Thus, the January-May 2020 calendar year inflation rate reached 0.90 percent, while the year-on-year inflation touched 2.19 percent.

 

Read 78 times Last modified on Wednesday, 03 June 2020 06:28