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Mar
02

BPS report : February 2012 inflation is the lowest since 2007


Central Statistics Agency (BPS) reported on the February 2012 inflation of 0.05% occurred. Inflation in February is the lowest since 2007.
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“It is not yet high enough for price changes, thus, This is lower compared from the 2007 inflation,” said Head of BPS, Suryamin on a news conference at his office, Jalan Dr. Sutomo, Jakarta, Thursday (03/01/2012).

Scale of inflation year on year in February 2012 has reached 3.56%. While inflation in January-February 2012 reached 0.81%. From 66 cities in Indonesia, a total of 40 cities experienced inflation and 26 cities experienced deflation.

The highest Inflation is in Mataram 1.73%, and 1.7% Pontianak. While the lowest Inflation was 0.03% in Tangerang. If to the highest 1.29% deflation.”The impetus for rising inflation as the rising price of gold and jewelery as a result of global economic turmoil. So the gold price rises,” he said.

Then the driver of the other main inflation is the price of rice, rice stocks have not a lot yet from production sentra. Then the onion supply also led to decrease due to inflation because of rain. Gold price inflation accounted for 0.7%, rice 0.5%, and accounted for 0.2% of red onion.

While deflation is contributing the stock of red chili quite a lot. Then tomato vegetable prices are down, and the chicken meat prices fell 25% due to the large supply. At the end of Thursday afternoon trade appears to have a slight decline rupiah against the U.S. dollar (03/01). Weakening of the domestic currency is due to the decrease of expectations of QE3 in the U.S.

Rupiah exchange rate currency in spot market transacted in Jakarta were weaken between bank five points to the position than ever before in Rp9.075 compared to Rp9.080 per U.S. dollar on Thursday afternoon. In trading yesterday the euro exchange rate also had attenuation, this was also one of the trigger for Rupiah against the U.S. dollar under pressure though not significant.

However rupiah still has the opportunity further increase in trade as BI’s Intervention on the market in the country. In addition to the inflation outlook remains can be operated even if overshadowed by rising prices of fuel oil (BBM) that the regulation planned to be implemented at the beginning of April to come.

With the statistic from Central Statistics Agency (BPS) recorded in February 2012 inflation to 0.05 percent. Thus, the rate of inflation of the calendar year January-February 2012 reached 0.81 percent creates a positive sentiment added to it, the market seems will be always stable and the economic results for long term has been planned and thrives to become better.









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