Indonesia Records Annual Inflation of 3.61% in 2017: BPS

Suci Sedya Utami    •    02 Januari 2018 17:55 WIB
indonesian economy (en)
Indonesia Records Annual Inflation of 3.61% in 2017: BPS
Illustration (Photo: Antara/Andika Wahyu)

Jakarta: Indonesia's Central Statistics Agency (BPS) announced that the country's inflation rate stood at 3.61 percent in 2017.

"This good number is significantly below the inflation target in the 2017 revised state budget," said BPS chairman Suhariyanto at the BPS head office in Central Jakarta on Tuesday morning.

The annual inflation was mainly influenced by administered prices. It was less influenced by volatile food prices.

"The main contributors are fuel prices and electricity tariffs. All of them are administered prices," he added.

The current administration was praised for maintaining staple food prices last year. It was urged to implement similar economic policies this year.

"We should repeat this achievement. We should observe the pattern," he stated.


(WAH)