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Saturday, 25 April 2020 14:56

Inflation to touch 0.18% in April, Central Bank forecasts

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Indonesia's Central Bank (BI) has forecast that Indonesia's inflation rate, would rise to 0.18 percent, mark-to-market (MTM), in April, 2020 compared to the previous month. It added that would make the year-to-date (ytd) inflation rate 0.94 percent and year-over-year (yoy) inflation rate 2.78 percent. As quoted by Antara News Agency, executive director of Bank Indonesia’s Communication Department, Onny Widjanarko  in a statement  on Friday stated the calculation is based on a price survey conducted by the bank in Week Four of this month. Onions have the biggest contribution to the inflation rate, followed by gold jewelry, oranges, sugar, and mineral water. BI will strengthen coordination with the government and other related authorities to monitor the dynamic rate, which is currently being affected by the spread of the novel coronavirus disease (COVID-19)//Ant

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