Monday, 28 July 2008

BI: Inflation could reach more than 12%

The Indonesian Central Bank (BI) calculated that the increasing of fuel price about 30% would lead to a 12% inflation in 2008, two times higher than the last two years, about 6%. Deputy of BI governor, Hartadi A. Sarwono, said that without the increasing of fuel price, the inflation rate was predicted more than 9%. This prediction is much more than this year inflation target, around 5%. (Kompas, Fri May, 23, p. 1)

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