Indonesia’s annual inflation edges down to lowest in 20 years in June

JAKARTA, Jul 1 (XINHUA/APP):    The consumer price index in June logged the lowest level since May 2000 as the novel coronavirus pandemic stretched deep the country’s economy and depressed demands.

The National Agency of Statistics on Wednesday announced that the inflation steeply dropped by 1.96 percent in June on the yearly basis compared with 2.19 percent in May.

The core inflation, exempting administered prices and volatile prices, slipped 2.26 percent in June on the yearly basis from 2.65 percent in May, the agency’s head Kecuk Suhariyanto noted.

However, on the monthly basis, the inflation ticked up 0.18 percent in June from 0.07 percent in May, Suhariyanto added.

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