Indonesia Records 0.28% Inflation in November: BPS

    Eko Nordiansyah - 01 December 2020 12:56 WIB
    Indonesia Records 0.28% Inflation in November: BPS
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    Jakarta: The Central Statistics Agency (BPS) reported today Indonesia's consumer price index (CPI) recorded an inflation of 0.28% month-to-month in November 2020.

    According to the agency, on an annual basis, the country's CPI logged an inflation of 1.59% year-on-year.

    Meanwhile, on a calendar year basis, the country's CPI registered an inflation of 1.23% year-to-date.

    "Indonesia's inflation in November was 0.28% month-to-month," said BPS chairman Suhariyanto during a virtual press conference here on Tuesday morning.

    The Bank Indonesia's Board of Governors decided to lower the BI 7-day Reverse Repo Rate by 25 bps to 3.75%, Deposit Facility (DF) rate by 25 bps to 3.00% and Lending Facility (LF) rate by 25 bps to 4.50% last month. 

    The decision is based on projected low inflation, maintained external stability as well as follow-up policy measures to expedite the national economic recovery.

    The central bank projects headline inflation in 2020 below the lower bound of the target corridor before returning to the target range of 3.0%±1% in 2021. 

    (WAH)

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