Tue, 15 Jan 2008
Jakarta (ANTARA News) - A soybean scarcity that happened early this year is predicted to fuel inflation in rest of January - something which could affect the government`s annual inflation target of 5 percent with plus or minus one percent.

"This situation has the potential of fueling inflation," the National Development Planning Board`s Macro Planning Director Bambang Prijambodo said here on Tuesday.

He said the government would ensure supply of soybean and other food stuffs in order to prevent the scarcity from having a prolonged impact.

Protecting food supplies was necessary to prevent further inflation, especially because in 2007, the food sector had recorded an inflation rate of up to 12 percent, he said.

According to the Central Bureau of Statistics, the inflation rate in January 2007 was 1.04 percent.(*)



News Search/Filter
Transaction Rates
11 Dec 17
Buy
Sell
AUD1
10,561.19
9,806.68
BND1
10,390.59
9,647.27
BTC1
220,608,458
220,608,458
CAD1
10,927.34
10,148.58
CHF1
14,153.57
13,144.58
CNH1
2,121.91
1,970.69
DKK1
2,223.07
2,064.47
EUR1
16,544.78
15,362.97
GBP1
18,821.64
17,477.73
HKD1
1,798.99
1,670.87
JPY100
12,364.44
11,481.12
LAK1
1.69
1.57
NOK1
1,691.45
1,570.41
NZD1
9,631.34
8,944.34
PGK1
4,480.67
3,952.94
SEK1
1,662.33
1,543.27
SGD1
10,390.59
9,647.27
THB1
430.73
399.82
USD1
14,046.00
13,046.00
VND1
0.62
0.57
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services