Wednesday, 20 August 2008

Fuel price impact to inflation ended

Statistic Central Bureau (BPS) recorded that there are no more impact of the fuel price hike to the inflation rate following the decreasing of monthly inflation rate in July 2008. The head of BPS, Rusman Heriawan, said that the inflation rate is mostly caused by the increasing of food price following the supply shock. Month-to-month inflation in July 2008 reached 1.37% while the year-on-year inflation has reached 11.9%.

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