Thursday, January 03, 2008

[ANTARA] 3 January 2008


News:


The country`s inflation rate for 2007 turned out to be 6.59 percent or higher than the 6 percent projected in the State Budget, the Central Bureau of Statistics (BPS) said. Meanwhile, the inflation rate for December 2007 stood at 1.10 percent, PBS deputy head for distribution and services statistics Ali Rosidi said here Wednesday. The inflation rate for 2007 accorded with the figure projected by the Bank of Indonesia (BI), namely six plus or minus one percent. He said the relatively high inflation rate for December 2007 was caused by increases in the prices of food stuffs (2.47 percent), finished foods, beverages, cigarettes, and tobacco (0.91 percent), and clothing (0,99 percent). "In the two last weeks of December there were sudden price surges, especially in the prices of rice and various kinds of seasoning," he said. The price increases were caused by reduced supply and increased demand during the prolonged Idul Adha, Christmas and New Year holiday season. "The trigger of the price increases was not the floods that occurred in a number of cities because they happened in all cities across the country," he said. Meanwhile, the core inflation for 2007 was recorded at 6.29 percent and that for December 2007 at 0,68 percent.


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