{
    "success": true,
    "data": {
        "id": 1260622,
        "msgid": "july-year-on-year-inflation-eases-again-1447893297",
        "date": "2002-08-02 00:00:00",
        "title": "July year-on-year inflation eases again",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "July year-on-year inflation eases again Dadan Wijaksana, The Jakarta Post, Jakarta Prices continued to decline in July compared with the same month last year, the Central Bureau of Statistics (BPS) reported on Thursday, imparting greater confidence to the government's target of single-digit inflation by the end of the year. BPS said that inflation, as measured by the consumer price index, slowed down to 10.05 percent from 11.48 percent in the same period last year.",
        "content": "<p>July year-on-year inflation eases again<\/p>\n<p>Dadan Wijaksana, The Jakarta Post, Jakarta<\/p>\n<p>Prices continued to decline in July compared with the same month<br>\nlast year, the Central Bureau of Statistics (BPS) reported on<br>\nThursday, imparting greater confidence to the government's target<br>\nof single-digit inflation by the end of the year.<\/p>\n<p>BPS said that inflation, as measured by the consumer price<br>\nindex, slowed down to 10.05 percent from 11.48 percent in the<br>\nsame period last year.<\/p>\n<p>Despite the declining year-on-year inflation figure, the<br>\nbureau said that month-on-month inflation in July rose to 0.82<br>\npercent from 0.36 percent in June, driven mainly by higher<br>\neducation costs associated with the new school year. The price of<br>\nother goods and services also increased during the period, which,<br>\nanalysts said, was linked to the weakening value of the rupiah<br>\nagainst the U.S. dollar.<\/p>\n<p>Annualized inflation has been on the decline since February<br>\ndue to a combination of a stronger rupiah and a successful rice<br>\nharvest during the particular period.<\/p>\n<p>Earlier this week the IMF also expressed optimism that<br>\ninflation this year could reach single digits, despite renewed<br>\nweakness in the rupiah.<\/p>\n<p>The slackening off of inflationary pressure has allowed the<br>\ncentral bank to lower domestic interest rates, crucial to help<br>\nease the burden on the state budget for covering interest<br>\npayments on government bonds issued in the late 1990s to help<br>\nfinance the bank bailout program.<\/p>\n<p>On Wednesday, the interest rate on Bank Indonesia SBI<br>\npromissory notes fell slightly to 14.93 percent from 14.99<br>\npercent. Earlier this year, the benchmark rate hovered at more<br>\nthan 17 percent.<\/p>\n<p>A lower interest rate environment would also help the<br>\ncorporate sector to obtain bank lending at affordable cost.<\/p>\n<p>Meanwhile, BPS deputy chairman Slamet Mukeno said that<br>\neducation costs jumped 4.5 percent in July, after dropping by<br>\n0.16 percent the previous month.<\/p>\n<p>He added that housing costs increased 0.91 percent during the<br>\nmonth, while transport and communication costs were up 0.8<br>\npercent.<\/p>\n<p>Processed food prices rose 0.61 percent, and clothing was up<br>\n0.31 percent. The prices of basic foods, however, declined by<br>\n0.61 percent.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/july-year-on-year-inflation-eases-again-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}