Breaking News
Home » General » Economy » Indonesia December inflation surges by 2.46 percent

Indonesia December inflation surges by 2.46 percent

JAKARTA (rambuenergy.com) – Indonesia consumer price index in December surged by 2.46 percent year-on-year, driven by the government’s move to raise fuel price as well as higher consumer spending during year-end season, Central Bureau of Statistic (BPS) said.

The Head of BPS Suryamin told a press conference on Friday that the inflation for full year stood at 8.36 percent, slightly lower than inflation in 2013 at 8.38 percent.

The government raised fuel price in November. Its impact in goods and service prices were felt in December.

Price increase was recorded by all product groups. Food materials price increased by 3.22 percent, processed food, beverage and cigarette up by 1.96 percent, housing, water, electricity, gas and fuel rose by 1.45 percent, clothing increased by 0.64 percent, health products up by 0.74 percent, education, recreation and sports up by 0.36 percent and transportation, communication and financial service surged by 5.55 percent.

The core inflation in December was up 1.02 percent, while the calendar 2014 core inflation was up 4.93 percent, the BPS data shows.

The highest inflation was recorded Merauke town in Papua which recorded inflation of 4.53 percent and the lowest was recorded by Meulaboh, Aceh at 1.17 percent.

The high inflation in December has been predicted by Bank Indonesia governor Agus Martowarojo earlier, which projected inflation in the month at a range of 2.1-2.2 percent. (*)

Check Also

PROPERTY – Keppel Land, Metland team up to develop residential project in Jakarta

JAKARTA (RambuEnergy.com) - Keppel Land Limited (Keppel Land), through its wholly-owned subsidiary, PT Sukses Manis ...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.