Tag: consumer prices
Inflation is likely to remain moderate amid slowing global economic growth.
But economists say deflation is unlikely to be sustained and will not lead to a change in monetary policy.
Economists attribute this to lower transport costs.
Policymakers’ vows to boost infrastructure investment amid a slowing economy may underpin domestic demand and counter the external risks posed by the tariff wars.
Domestic trade minister Saifuddin had come under fire earlier after stating that prices of goods had fallen in June.
Fish and vegetable prices are set to increase due to lower vegetable harvests and reduced fish catches caused by heavy rains, say fish and vegetable trade associations.