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2016 Inflation, Lowest Since 2010

03/01/2017 14:26 WIB

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2016 Inflation, Lowest Since 2010

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Inflation 2010-2016

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Statistics Indonesia recorded a 0.42 percent deflation in December 2016. As a result, inflation for the whole of 2016 reached 3.02 percent. This figure is lower than the previous year's inflation of 3.35 percent and is also the lowest inflation rate since 2010.

The stability of the rupiah exchange rate at around Rp 13,000 per US dollar, the decline in oil prices to below US$30 per barrel, followed by a decrease in other commodity prices, kept inflation relatively under control throughout 2016. Lower bank interest rates and a sluggish domestic economy contributed to inflation reaching its lowest level in seven years.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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2016 Inflation, Lowest Since 2010

2016 Inflation, Lowest Since 2010

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