Jakarta (ANTARA) - Indonesia's inflation was among the lowest worldwide, while the Consumer Price Index (CPI) inflation fell more quickly and has returned to its target of 3 percent with a margin of 1 percent, the central bank governor said."Indonesia's inflation fell from 5.51 percent at the end of 2022 to 3.08 percent in July 2023 year-on-year, one of the lowest in the world," said Bank Indonesia Governor Perry Warjiyo. During the 2023 National Coordination Meeting (Rakornas) for Inflation Control in Jakarta on Thursday, he noted that the decline in inflation occurred in all groups, including core inflation, volatile food prices, and prices regulated by the government. ll regions also recorded a decline in inflation and were within the national inflation target, Warjiyo said. He noted that this achievement was the result of close synergy in controlling inflation between the central and regional governments and the consistency of BI policies in central and regional inflation control teams, including the National Food Inflation Control Movement (GNPIP) in various regions. BI estimates that inflation in 2023 will remain under control within the target of 3 percent with a margin of 1 percent, and it is even likely to be around 3 percent at the end of 2023.
Source: Antara News Agency