July 06, 1999
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| July 06, 1999 | atimes.com | |
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| Southeast Asia Indonesian consumer price index falls 0.34% in June JAKARTA - The Central Bureau of Statistics reported that Indonesia's consumer price index in June fell 0.34 percent from May, but was up 24.52 percent compared with a year earlier. The bureau said that food prices in June fell 0.32 percent month-by-month, while processed food, beverages and cigarette prices declined by 0.01 percent and clothing prices were down 0.12 percent. But housing prices rose 0.07 percent month-by-month, health prices were up 0.01 percent, educational fees, recreational and sport costs were up 0.02 percent and transport and communications prices were up 0.01 percent. In the meantime, the country's economy grew 1.82 percent in the first quarter to June compared with a year earlier, it said. Gross Domestic Product in the three months was up 0.47 percent from the first quarter. ''GDP growth in the second quarter was due to a recovery in the services sector such as trade, hotels and restaurants,'' BPS said. The bureau said it was now forecasting full-year 1999 GDP growth of 0.13 percent, after successive quarters of negative growth from the onset of the economic crisis in late 1997 until the first quarter of this year. It said the forecast was based on the assumption that ''political and social conditions are stable in the second half.'' BPS said that at an exchange rate of 6,500 rupiah against the dollar, per capita GDP in 1999 should rise to $803, from $484 a year earlier. It also disclosed that the trade surplus rose to US$2.063 billion in May, compared with $1.978 billion a month earlier. Exports in May were worth $4.056 billion, compared with $3.775 billion in April and $3.939 billion a year earlier, while imports were $1.993 billion compared with $1.797 billion in April and $1.930 billion a year earlier. BPS said that non-oil exports in May were $3.374 billion compared with $3.133 billion in April and $3.291 billion a year earlier. Non-oil imports were $1.814 billion compared with $1.763 billion a month earlier and $1.737 billion the year before. (Asia Pulse/Antara) | |||||||||
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