Inflation hits double digit<\/p>\n
JAKARTA (JP): Indonesia's annual inflation rate was 11.05
\npercent last year, the first double-digit inflation rate since
\n1983.<\/p>\n
The Central Bureau of Statistics said yesterday that the high
\nannual inflation rate in 1997 was attributed to the 2.04 percent
\nincrease in the monthly inflation rate in December.<\/p>\n
The annual inflation rate was checked at 11.46 percent in 1983
\nbut it declined to between 4.94 percent and 9.5 percent in
\nfollowing years until 1996.<\/p>\n
According to the Central Bureau of Statistics, the inflation
\nrate in 19997 was much higher than the 6.47 percent inflation
\nrate recorded in 1996.<\/p>\n
The high monthly rate in December was caused by a rise in the
\nprice index of food, housing and clothing.<\/p>\n
Food prices rose 3.55 percent in December, housing by 0.88
\npercent, clothing by 2.1 percent and miscellaneous goods and
\nservices by 1.48 percent.<\/p>\n
In 1997, food prices surged 11.05 percent from 6.12 percent in
\n1996, while housing rose 18.45 percent from 4.72 percent and
\nclothing increased 7.67 percent from 5.77 percent.<\/p>\n
However, prices of miscellaneous goods and services declined
\nto 8.11 percent last year from 9.69 percent in 1996.<\/p>\n
The bureau said a drastic rise in the price of rice
\ncontributed to the high increase in food prices.<\/p>\n
It said the price of rice had increased by between 0.27
\npercent in Ambon, Maluku, and 10.63 percent in Semarang, Central
\nJava, in December.<\/p>\n
The price increase contributed about 0.34 percent to inflation
\nin December, the bureau said.<\/p>\n
It said Medan, North Sumatra, experienced the highest
\ninflation at 3.23 percent in December, compared to other
\nIndonesian cities.<\/p>\n
It was followed by Yogyakarta at 3.21 percent and Palembang,
\nSouth Sumatra, at 3.15 percent.<\/p>\n
On the contrary, Samarinda, East Kalimantan, experienced
\ndeflation at 0.08 percent, Pekanbaru, Riau, at 0.15 percent,
\nBengkulu at 1.15 percent and Palangkaraya, Central Kalimantan, at
\n1.22 percent. (das)<\/p>",
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