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Thursday, 30 April 2020 11:55

BI projects 0.18 percent inflation rate in April 2020

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Bank Indonesia (BI) estimated that the inflation rate in April 2020 will touch 0.18 percent based on results of a weekly price monitoring survey by 46 representative offices of the central bank across the nation. As quoted by Antara News Agency,  BI Governor Perry Warjiyo noted in an online press statement in Jakarta on Wednesday that  this is a controlled inflation and is lower than that recorded in the previous week or month.  Warjiyo attributed the low inflation to two factors -- the availability of resources to fulfill basic needs and the demand that declined owing to the enactment of large-scale social restrictions (PSBB) in several regions to fight the spread of COVID-19. Hence, the BI governor believes the inflation rate ahead of Ramadan this year is lower in comparison with the annual historical patterns//Ant

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