VIVAnews – The central bank Bank Indonesia (BI) estimates that the 2009 inflation will be lower than the 2009 inflation target, reaching 4.5 percent ± 1 percent (yoy).
BI sees that the inflation in Oct. 2009 records a decrease in terms of price and is lower than the historical pattern.
It is supported by the strengthening rupiah exchange rate and lowering public’s expectation on the future inflation, which is reflected by the increasing core inflation.
“With these developments, the 2009 inflation is predicted to be lower than the inflation target,” said Strategic Planning and Public Relations Directorate Dyah N. K. Makhijani in a press release in Jakarta on Wednesday, Nov. 4.
Meanwhile, the 2010 inflation is predicted to return to its normal pattern in a range of 5± 1 percent along with the improving domestic economic activities and commodities price.
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Translated by: Ariyantri E. Tarman
