Sunday, 7 September 2008

Inflation rate improved in August

The inflation rate in August was 0.5 percent, better than the 0.75 percent recorded in August last year, Central Bureau of Statistics (BPS) head, Rusman Heriawan said in a press conference. This has resulted in the consumer price index going up slightly, from 111.59 in July to 112.16 in August. Rusman said the top five commodity that have supported the August inflation were fish, chicken meat, eggs, household fuels (especially liquid petroleum gas), and senior high school tuition fees. During the month of Ramadan, Bambang Soesatyo, Chairman of the Fiscal and Monetary Committee of the Indonesian Chamber of Commerce & Industry (Kadin), has estimated that there will a 20 percent price increase in basic commodities and LPG.

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