In­fla­tion to reach 0.20 to 0.25pc in June

The Myanmar Times - - International Business -

CO­OR­DI­NAT­ING Eco­nomic Min­is­ter Darmin Na­su­tion has es­ti­mated that in­fla­tion will reach 0.20 to 0.25 per­cent in June, due to con­trol­lable prices of sta­ple foods dur­ing the Ra­mad­han fast­ing month and ahead of the Idul Fitri holiday.

“The prices are in OK con­di­tion. The prices of rice and meat are all OK,” said Darmin in Jakarta re­cently as re­ported by tri­bun­news.com.

In­fla­tion was recorded at 0.21 per­cent in May, ac­cord­ing to the Cen­tral Statis­tics Agency (BPS). Fi­nance Min­is­ter Sri Mulyani In­drawati said it was the low­est in­fla­tion dur­ing the fast­ing month in the last sev­eral years. She said usu­ally the in­fla­tion at Ra­mad­han reached about 0.5 per­cent.

The in­crease in the price of eggs would likely contribute to June in­fla­tion, Darmin said, adding that an­other sig­nif­i­cant con­trib­u­tor was the in­crease of air­line tick­ets dur­ing the Idul Fitri mudik (ex­o­dus).

“Eggs will contribute to in­fla­tion, but it is not much. What we have to an­tic­i­pate is the in­crease of air­line fares. The prices of tick­ets change [dur­ing mudik],” Darmin said, adding that the gov­ern­ment could not con­trol the air­line ticket prices.

Pre­vi­ously, Bank In­done­sia had es­ti­mated that June in­fla­tion would reach about 0.22 per­cent. – Jakarta Post

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