Inflation rate in 2008 expected to drop: BI

Bank Indonesia (BI) Senior Deputy Governor Miranda S Goeltom said the country`s inflation rate in 2008 would show a downward trend and was expected to drop to below this year`s figure."Inflation next year will be lower than this year when the figure is estimated to range between 6.33 percent and 6.7 percent," Miranda said.She said BI`s studies on next year`s inflation rate had used pessimistic assumptions such as high oil and commodity prices.The downward trend in next year`s inflation rate was one of the reasons why BI had lowered its benchmark rate from 8.25 percent to 8 percent, according to Miranda.
(http://www.antara.co.id/en/arc/2007/12/7/inflation-rate-in-2008-expected-to-drop-bi/)