Indonesia Records Deflation 0.05 Pct. in September 2020

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Durian. Indonesia recorded 0.05 percent of deflation in September 2020 due to harvest of various food commodities such as chili and onion that caused the declining of prices and lower purchasing power, the Statistics Agency (BPS) said on Oct.1.

“By having 0.05 percent of deflation in September 2020, so inflation rate this year to date was 0.89 percent. While inflation rate year on year was 1.42 percent,” Kecuk Suhariyanto, head of BPS said in Jakarta.

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The highest deflation was in Timika, Papua at 0.83 percent while the highest inflation last month was in Gunungsitoli, North Sumatra at 1 percent.

Besides the harvest session, slowdown economy of the country was also caused by the declining of gold prices along the month.

Compared to August, economy situation in Indonesia in September was slowing down. Inflation rate year on year in August was 2.03 percent.

Spending in health sector was still high and is expected to remain the same until the end of 2020 due to covid-19 pandemic.

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