Deflation in March 0.32 Pct, Higher in 3 Yrs

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The Indonesian Central Statistics Agency (BPS) reports that the deflation in March 2011 hit 0.32 percent, which is higher within the last three years.

"Prices are falling," said BPS Chief, Rusman Heriawan, on Friday.

Given the rate in March, BPS declares that the cumulative inflation between January and March 2011 reached 0.7 percent while year-on-year inflation rate in March touched 6.65 percent.

52 cities are accounted for the deflation with highest price drop is recorded in Padang at 2.59 percent and Dumai at 2.5 percent. On the other hand, 14 other cities still see sharp inflation with Palu being the highest at 0.64 percent and Maumere at 0.57 percent.

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