Jakarta, May 24 -- Bank Indonesia (BI) has projected the inflation will reach 0.47 percent month on month in May 2019, falling short of the target based on a previous price survey due to a shortfall in air tickets, among others.
"Our records show that the prices of air tickets have fallen. Based on our calculation, if the prices of air tickets fall, the shortfall will contribute minus 0.01 percent to the inflation, BI Governor Perry Warjiyo said here on Friday
The inflation forecast of 0.47 percent for May 2019 is based on the results of a price survey conducted by the central bank across Indonesia in the fourth week of 2019.
The forecast fell four basis points compared to the inflation projection of 0.51 percent until the third week of ...