Indonesia's central bank governor said on Wednesday the government should import food in case of natural disasters or weather-induced crop failure to keep inflation within target.

Indonesia Should Import Food if Necessary to Maintain Prices: Central Bank Governor

BY :HIDAYAT SETIAJI

JANUARY 25, 2017

Jakarta. Indonesia's central bank governor said on Wednesday (25/01) that the government should import food in case of natural disasters or weather-induced crop failure to keep inflation within target.

Governor Agus Martowardojo said plans to raise government-controlled prices for power, liquefied petroleum gas and fees for vehicle registration would push the inflation rate up to more than 4 percent this year compared with 3.02 percent in 2016.

He also noted that gasoline prices could rise due to higher global oil prices, which might pressure prices of food.

"Open up imports if necessary," Martowardojo told reporters after a joint news conference with government officials.

Reuters

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