College Tuition Contributes Highest to September Inflation
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - The Central Statistics Agency (BPS) recorded September 2016's inflation rate at 0.22 percent with a consumer price index (IHK) level of 125.41. BPS chief Suhariyanto said inflation is within control despite the slight increase from August's deflation.
In August, the BPS noted a 0.02 percent deflation due to the declining prices of several goods, including food items and transportation fees, after the Eid al-Fitr holiday is over.
According to Suhariyanto, one of the causes for September's inflation was the price hikes in several expense groups. The highest is from the education and recreation group with 0.52 percent, "due to the increase in college tuition fees."
The second biggest inflation contributor is the food, drinks, cigarettes and tobacco groups with 0.34 percent.
"We hope that inflation rate stays under control over the next three months, so that this year's inflation target will be achieved," Suhariyanto said in Jakarta Monday, October 3.
Bank Indonesia (BI) sets this year's inflation target at 3-5 percent. From January to September, the inflation rate is 1.97 percent, significantly lower than January-September 2015's 3.07 percent.
VINDRY FLORENTIN
