Logo of Phnom Penh Post newspaper Phnom Penh Post - May inflation benign in Indonesia as prices held during Ramadan

May inflation benign in Indonesia as prices held during Ramadan

Content image - Phnom Penh Post
BPS head Suhariyanto (left) speaks to the press in Jakarta. PRIMA WIRAYANI/THE JAKARTA POST

May inflation benign in Indonesia as prices held during Ramadan

Indonesia booked month-to-month inflation of 0.68 per cent in May, higher than the 0.44 per cent registered in April, as an uptick in demand during the fasting month fuelled food prices, Statistics Indonesia (Badan Pusat Statistik, BPS) announced on Monday.

Consumer spending usually increases in Ramadan, which began on May 5 this year, leading to above-average monthly inflation.

The latest inflation data brought year-to-date inflation to 1.48 per cent, while year-on-year inflation stood at 3.32 per cent.

May’s year-on-year inflation was slightly higher than in the same period last year, when it was 3.23 per cent, but much lower than the 4.33 per cent seen in May 2017.

BPS head Suhariyanto said in Jakarta on Monday that inflation remain largely under control. The government has a target range of 3.5 per cent to 4.5 per cent for annual inflation.

Foodstuff prices rose by 2.02 per cent month-to-month as red chilli, chicken, fish and eggs, among other products, became more expensive last month. Meanwhile, the recent shallot harvest brought down prices of the commodity in May, while rice prices also dropped.

The second-highest contributor to May’s month-to-month inflation was the category of processed food, beverages, cigarettes and tobacco with 0.56 per cent month-to-month inflation.

Meanwhile, persistently high airfares had minimal impact on inflation in May, Suhariyanto said, as ticket prices had already been on the rise since January.

The category of transportation, communication and financial services recorded 0.54 per cent month-to-month inflation last month, primarily driven by higher prices of intercity transportation, air travel and train tickets.

“The month-to-month [inflation on airline tickets] was not large, because prices had already increased [in previous months], although the government had already lowered the price ceiling for airlines,” said Suhariyanto. “That being said, the price increase in airline tickets contributed 0.3 per cent to the 3.32 per cent year-on-year inflation [in May].” THE JAKARTA POST/ASIA NEWS NETWORK

MOST VIEWED

  • Rainsy stopped in Paris from boarding Thai flight

    Airline officials at Paris’ Charles de Gaulle airport on Thursday prevented Sam Rainsy from boarding his flight to Bangkok ahead of his announced return to Cambodia on Saturday. Prime Minister Hun Sen had earlier in the day assured Phnom Penh residents that there would be

  • Analyst: Rainsy blocked from boarding flight 'an excuse'

    THAI Airways not allowing Sam Rainsy on its route from Paris to Bangkok on Thursday is being used as an excuse to keep his standing among fellow coup plotters and his uninformed supporters as flights to non-Asean countries are available, an analyst said on Friday.

  • Rainsy lands in Malaysia

    Cambodian opposition figure Sam Rainsy arrived in Kuala Lumpur airport on Saturday afternoon after boarding a flight from Paris, where he has been living for more than four years. Ministry of Foreign Affairs and International Cooperation spokesperson Koy Kuong said on Saturday that Cambodia respected

  • Sokha continues call for dropping of charge after bail conditions reduced

    Not satisfied with having his bail conditions reduced, allowing him to travel freely in Cambodia, Kem Sokha says he wants his charge totally dropped. “As an innocent man who has been in detention for two years even without being found guilty, I continue to demand

  • Touch: Rainsy will never return

    Sam Rainsy, the “acting president” of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), has claimed it has achieved 70 per cent of its struggle to find a solution to the current political situation in the Kingdom. Just before boarding a plane at Charles de Gaulle

  • Prayut indicates no entry into Thailand for CNRP’s Rainsy

    Cambodian government officials on Wednesday welcomed the position of Thai Prime Minister Prayut Chan-o-cha after he indicated that Sam Rainsy would not be allowed to return to Cambodia through Thailand. “According to our commitment to Asean, we will not interfere in each other’s internal