Inflation May Rise to 6% Rate in July, Indonesia’s Basri Says
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Indonesia’s inflation may rise to an annual rate of 6 percent in July after the government raised subsidized-fuel prices last month for the first time since 2008, Finance Minister Chatib Basri said.
“We’re optimistic inflation will reach our full-year target, Basri said in an interview today with Bloomberg TV Indonesia in Jakarta. “It’s not impossible that there will be deflation in September if we can ensure smooth supply and distribution flow of food.”