Rupiah Weakening Doesn't Affect Inflation: BI
Husen Miftahudin • 21 September 2018 17:57 WIBindonesian economy (en)
"We have found no evidence that the weakening of rupiah significantly affects prices," he said.
The central bank has projected that the country will post a deflation of 0.04 percent this month. The Central Statistics Agency (BPS) recently reported that the country recorded a deflation of 0.08 percent last month.
According to the government data, the nation's trade balance recorded a deficit of $1.02 billion in August 2018. It decreased from $2 billion in the previous month.
In addition to that, its import value stood at $16.84 billion last month. The number dropped by 7.97 percent compared to the previous month.