Eurostat: inflation eurozone April 2013 down 1.2%

Finance Info-European Statistical Agency, Eurostat reported inflation in 17 countries of the eurozone eased considerably in April 2013 to be 1.2 percent, below the target of the European Central Bank (ECB) of 2 percent.

Reported by the Business Times on Tuesday (30/4/2013), overall, April marked the third month in a row the annual rate of price increases in all regions of the single currency euro-home to about 340 million people came in right on target, after 1.7 percent in March and 1.8 percent in February.

Inflation continued to decline throughout the year and the latest fall put more pressure on the European Central Bank to lower interest rates when they meet on Thursday in an attempt to lift this economic crisis that mired in recession and high unemployment.

Eurostat said the price for the service is down to 1.1 percent against 1.8 percent in March, but the price of food products, beverages and tobacco are at high levels, each amounting to 2.9 percent from 2.7 percent in March.

Energy prices rolled back 0.4 percent against a rise of 1.7 percent in March, while industrial goods dropped to 0.8 percent, from 1.0 percent in the previous month.

(dmd)

Finance; Investment; Business; Economics

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Government focus due to commodity price inflation

Finance Info-Coordinating Minister for Economy Hatta Rajasa pleaded before the focus on controlling inflation from the reduction of subsidies on fuel oil (FUEL), the Government will first focus on inflation due to commodity prices.

"Of course there will be inflation (from rising fuel prices), we would anticipate. But first we are now used to control the inflation of food, that we keep meat, horticulture don't bobbing again like yesterday, and we should also keep the rice, "he said at the hotel Bidakara, Jakarta, Friday (30/4/2013).

Concerning the compensation fund for the poor, Hatta claimed will discuss with PARLIAMENT because of the budget can only be issued with the approval of the House.

"Because it concerns the budget should be discussed with the HOUSE of REPRESENTATIVES. It was the domain of the House. We could not raise fuel prices without protecting the poor, "he said.

He compared the scene this year with the 2005 where the number of poor people increased because of rising fuel prices. "The experience in 2005, poverty is rising to 17 percent because of rising fuel prices. That experience so the lesson is, we don't want the poor exposed and we should protect them, "pungkasnya.

(gpr)

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

February's inflation highest in 10 years, 2013

Dana Aditiasari

Sindonews.com -in February 2013, the Central Bureau of statistics (BPS) recorded the existence of a general increase in prices of various commodity developments that indicate the onset of inflation amounted to 0.75 percent or high throughout the last 10 years.

"Based on the results of the radar of BPS in 66 cities in February 2013 0.75 percent inflation occurs or occurred increases in the consumer price index (CPI) from 136,88 in January 2013 be 137,91 in February 2013," head of the BPS, Suryamin light in the headquarters of the BPS, Jakarta, Friday (1/3/2013).

The second month's inflation, he said, was the highest February inflation during the last 10 years. "This is the highest Inflation over the last 10 years for the month of Februarinya," he explained.

This further increase in inflation, Suryamin, especially encouraged presence shown by the increase in the price index increase of several groups, including expenditure on foodstuffs group of 2,08 percent, food group so, drinks, cigarette and tobacco by 0,47 percent.

"The group housing, water, electricity, gas, and fuel amounted to 0.82 percent, health groups 0,56 percent and recreation and sports education group 0,19 per cent," she chimes in.

Suryamin specifies the number of commodities experiencing price increase in February 2013 is garlic, vegetable, tomato, red onion, red pepper, tomato fruit, cayenne pepper, chicken eggs, oranges and other races.

(rna)

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"If the price of fuel subsidies to rise, inflation inevitably partial 5%"

Sindonews in Jakarta, Monday (3/3/2013).

Ahmad added, there are two things to note specifically by the Government that inflation is not getting soared, namely price stability foodstuffs and petroleum prices.

"There are two things that should be noted. First, make sure food prices under control. Second, make sure the oil price mitigation, "he said.

As is known, inflation in January 2013 reached 1.03% and 0.75% in February. This means that Indonesia's economy has experienced inflation amounted to 1.78% in just two months. In fact, the Government is targeting inflation of only 4.9%, 2013. In 2012 then, inflation of only 4.3%.

Meanwhile, the head of the Central Bureau of statistics (BPS) said Suryamin, Indonesia trade balance in January 2013 and a deficit of USD171 million. The deficits contributed to by crude oil USD554,7 million deficit and oil USD2,182 billion.

"However, the gas is already experiencing a surplus of USD1,31 billion and non-oil and gas well USD1,2 billion surplus," said Suryamin recently.

(gpr)

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Prices go up, inflation down Tegal

Akrom Hazami -Sindo Newspaper

Sindonews.com – Although the prices of basic commodities in the city of Tegal is rising, but the city's inflation rate in February 2013, has decreased compared to the previous month.

Regional Inflation-control team (TPID) the city of Tegal through technical team Secretary Febrina said, based on the results of the meeting of the city of Tegal TPID stated that inflation in February 2013 Tegal is at the range of 0.10 percent up to 0.20 percent (mtm) or more lower than inflation in January 2013 of 0,77 percent (mtm).

"Even expected to experience deflation," he said in the city of Tegal week (24/7).

However, a number of rising commodity prices such as Buffalo meat, goat meat, onions, and vegetables such as carrots.

Vice versa there are commodities that are experiencing declining prices, among others, rice, cooking oil, chicken races, soy, chili red, red chilies, and gold jewelry.

Additionaly, for rice stocks in the Brebes Regency Of Pekalongan include, Tegal Regency, Tegal, Pekalongan, Pemalang Regency of Pekalongan and Batang Regency, in a State of safe.

The stock was under the control of Bulog Sub Divre VI Pekalongan, which as of February 18, 2013 accounted 47.797 tons rice equivalent.

"The conditions were sufficient to meet operational needs until the first week in July 2013," he explained.

In the city of Tegal raskin related, Targets Households Beneficiaries (RTS-PM) in the town of Tegal to 2013 has been accepted to the RTS 11.026-am.

Division of the city of Tegal raskin for January 2013 has been realized in February in 27 villages are scattered in the city of Tegal.

(rna)

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Inflation slows in China to start new year

AppId is over the quota
AppId is over the quota

Inflation moderated in China last month.

Chinese consumers paid 2.0% more for goods and services in January than they did a year ago, the government's National Bureau of Statistics reported Friday.

That's a slower rate than December's 2.5% annual increase, and represents tame inflation for the world's second largest economy. A year ago, the country was experiencing an annual inflation rate of 4% or higher.

Food prices also registered a slower rate of growth than in December, when unseasonably cold weather pushed prices on meat and vegetables up dramatically.

Food is an important gauge of cost of living expenses in China. It accounts for more than a third of the country's inflation calculation, and for rural families, it makes up the bulk of expenses.

The Chinese government prefers to keep its annual inflation rate below 4% -- a level it sees as consistent with healthy economic growth and consumer demand.

China's inflation data in January and February can be distorted by the timing of the Lunar New Year holiday, scheduled this year for Feb. 10.

Related: Photos from China's great migration

China has averaged economic growth of around 10% a year in the past three decades, propelling it up the list of biggest economies, generating wealth for its growing middle class and boosting global trade.

But that pace of expansion is hard to maintain, and China may be reaching a new normal of growth. China's economy grew 7.9% in the fourth quarter, compared to a year earlier.

Recently, China has felt the impact of sluggish growth in the United States and recession in much of Europe, which has depressed export demand. Government efforts to take the heat out of a real estate boom and control inflation have also had a dampening effect.

First Published: February 8, 2013: 1:14 AM ET

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics