Indonesia's inflation edges down to lowest in 20 years as pandemic falters demands

0 Comment(s)Print E-mail Xinhua, June 2, 2020
Adjust font size:

JAKARTA, June 2 (Xinhua) -- Indonesia's consumer price index slipped to the lowest level in 20 years in May as restrictions of people movements to endure the novel coronavirus had depressed demands.

The National Agency of Statistics on Tuesday said that the inflation in May drifted down 2.19 percent annualized from 2.67 percent in the preceding month.

The core inflation, excluding administered prices and volatile prices, shrank 2.65 percent in May on the yearly basis from 2.85 percent in April, the agency's Head Kecuk Suhariyanto noted.

On the monthly basis, the inflation also drifted down 0.07 percent in May compared with 0.08 percent in April, he said.

The virus pandemic had made the inflation pattern differ in May which coincided with the Islamic festivity, said Suhariyanto.

As the world's biggest Muslim country, Indonesia celebrates the Eid al-Fitr festivity with demands of goods and clothes usually leap.

"But the inflation this month is different from the figures in the preceding months," Suhariyanto said.

The annual inflation in March settled at 2.96 percent, according to data from the agency.

Partial lockdowns along with the physical distancing to endure the virus pandemic had kept millions of people cooped up for weeks that cast demands stretched deep.

Indonesia is now gearing up for reopening the economy which has been dashed by the virus pandemic. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter