Monday 28 July 2008

Year-end inflation could reach 10 – 11%

The annual inflation rate rose to 11.03% in June as the full impact of the fuel price increasing. The annual rise in June is the highest since September 2006 when the CPI rose to 14.55%. The government predicted that the year-end inflation rate could hit 10% to 11%, higher than the government's previous forecast of 6.5%,
(Kompas, July 2, pg 17)

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