{
    "success": true,
    "data": {
        "id": 1349068,
        "msgid": "inflation-remains-in-check-1447893297",
        "date": "2003-10-02 00:00:00",
        "title": "Inflation remains in check",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Inflation remains in check The Jakarta Post, Jakarta Prices rose slightly by 0.36 percent in September, bringing the inflation rate during the first nine months of the year to a modest 2.48 percent, the Central Statistics Agency (BPS) reported on Wednesday. BPS attributed the slight rise in inflation to a 0.52 percent decline in basic food prices, which helped offset a rise in prices of other commodities and services.",
        "content": "<p>Inflation remains in check<\/p>\n<p>The Jakarta Post, Jakarta<\/p>\n<p>Prices rose slightly by 0.36 percent in September, bringing the<br>\ninflation rate during the first nine months of the year to a<br>\nmodest 2.48 percent, the Central Statistics Agency (BPS) reported<br>\non Wednesday.<\/p>\n<p>BPS attributed the slight rise in inflation to a 0.52 percent<br>\ndecline in basic food prices, which helped offset a rise in<br>\nprices of other commodities and services.<\/p>\n<p>Prices of processed food, beverages and cigarettes increased<br>\nby 0.34 percent; housing was up 1.03 percent; clothing 0.64<br>\npercent; health-care 0.63 percent; education, recreation and<br>\nsports 1.62 percent; and transportation and communications went<br>\nup by 0.05 percent.<\/p>\n<p>Inflation in September this year compared to the same month<br>\nlast year increased by 6.20 percent, which is slightly lower than<br>\nlast month's annualized inflation rate of 6.38 percent.<\/p>\n<p>The September inflation figure should help come close to the<br>\ngovernment's full-year inflation target of about 6 percent. BPS<br>\nchairperson Sudarti Surbakti agreed to the target, saying that<br>\nwith the current level, full-year inflation would only reach<br>\nbetween 6 percent to 7 percent.<\/p>\n<p>The relatively benign inflation rate is one factor that<br>\nimproves purchasing power and helps maintain stronger domestic<br>\nconsumption, which is crucial as domestic consumption has been<br>\nthe main mover of the country's economic growth in the past<br>\nyears.<\/p>\n<p>The relatively mild inflation should also pave the way for<br>\nBank Indonesia to further slash its benchmark interest rate --<br>\nalready at an all-time low at the moment -- and eventually push<br>\nbanks to make loans more cheaper.<\/p>\n<p>In its latest weekly auction, the central bank cut its<br>\nbenchmark interest rate to 8.56 percent from 8.66 percent<br>\npreviously.<\/p>\n<p>Analysts have said that if full-year inflation could be<br>\ncontained at around 6 percent, the central bank could cut the<br>\ninterest rate on one-month SBI promissory notes to 8 percent by<br>\nthe end of the year.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/inflation-remains-in-check-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}