Denpasar, Bali, Oct 29 (Antara) - The Indonesian Central Bank (BI) for Bali branch has predicted that the inflation will rise by 1.8 percent if subsidized premium gasoline price is raised by Rp3000 per liter next November 1.
"We have calculated an inflation increase of 1.8 percent if the government goes ahead with its plan to raise gasoline by Rp3000 per liter," Benny Siswanto, BI head for Bali, said here on Wednesday.
He said that the prediction was made together with the regional inflation control team (TPID) for Bali province.
Benny said if the government raised the fuel price on November 1, 2014 it would have domino effects on the country`s economy.
"The first round effect will be felt by the transportation sector and the second one by food prices," he added. (WDY)
COPYRIGHT © ANTARA News Bali 2014
"We have calculated an inflation increase of 1.8 percent if the government goes ahead with its plan to raise gasoline by Rp3000 per liter," Benny Siswanto, BI head for Bali, said here on Wednesday.
He said that the prediction was made together with the regional inflation control team (TPID) for Bali province.
Benny said if the government raised the fuel price on November 1, 2014 it would have domino effects on the country`s economy.
"The first round effect will be felt by the transportation sector and the second one by food prices," he added. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2014