Jakarta: Bank Indonesia (BI) Governor Perry Warjiyo has revealed that inflation rate is projected to reach 0.2 percent month-to-month (mtm) or 2.8 percent year-on-year (yoy) in April 2020.
"It shows that every factor is under control," the BI governor said during a teleconference in Jakarta on Thursday, April 9, 2020.
"The central government and local governments continue to strengthen coordination to ensure sufficient staple food supplies," the central bank leader stated.
Consumer price index (CPI) inflation was recorded at 0.10 percent (mtm) in March 2020, down from 0.28 percent (mtm) one month earlier. Annually, therefore, CPI inflation in March 2020 stood at 2.96 percent (yoy), decreasing slightly from 2.98 percent (yoy) in the previous month.
Core inflation was recorded at 0.29 percent (mtm), up from 0.14 percent (mtm) in February 2020. Annually, core inflation stood at 2.87 percent (yoy), increasing from 2.76 percent (yoy) in February 2020.
BI will consistently maintain price stability and strengthen policy coordination with the central government and regional administrations to maintain low and stable inflation within the target corridor for 2020 at 3.0 percent plus minus one percent.