BI Governor Perry Warjiyo recently warned that the inflationrate may hover above its targeted 2 to 4% next year.
There is a risk that inflation may exceed the upper limit ofthe target range of 3 plus/minus 1%, as food and energy prices will likelyremain high while continued increase in demand will add more pressure toinflation, he said.
As of July, the country’s inflation had reached 4.94% due to higher prices offood, and managed services and goods such as air tickets and fuels.
On August 18, Coordinating Economic Minister AirlanggaHartarto affirmed that, with all available measures, the government isdetermined to reduce inflation in 2022 to 4-4.8 percent, lower than July’s4.94%./.
VNA