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Authentic Heat Hats

JAKARTA , Sept. 1 (Xinhua) -- Indonesia's consumer index accelerated at slower pace at 3.99 percent in August from 4.53 percent in July, giving more rooms to the central bank to keep its benchmark interest rate steady at its upcoming meeting earlier this month, the national statistic bureau announced here on Monday.
The Chairman of the Bureau who goes with a single name, Suryamin, said that the rise of electricity tariffs and the start of school days significantly contributed to the acceleration of the price hikes.
"Electricity price hike, the administered price , (mostly) contributes to the inflation," in August, he told a press conference at the bureau headquarters.
The government started rising electricity prices for middle to high income groups on July 1, and would persist in every two months by the end of this year in an effort to cut subsidy that will allow more funds to be set aside for infrastructures, according to energy ministry. On month, inflation also eased at 0. 47 percent in August after gaining at 0.9 percent in July , said Suryamin.
Core inflation, excluding volatile and administrative prices, slowed to 4.47 percent after gaining at 4.64 percent in July, he said.
The central bank was upbeat over inflation estimation of 4.5 to 5.5 percent by year end, Agus Martowardojo, governor of the bank has said. The bank has kept its benchmark interest rate at 7.5 percent since December , aiming at guarding the Southeast Asia's largest economy from the risk of the global economy amid effort to narrow current account gap, Martowardojo has said.
Indonesia's economy is seen to expand at 5.2 to 5.3 percent this year, falling from 5.78 percent last year.
Indonesia's trade performance swung into a small surplus of 123. 7 million U.S. dollars in July after having a deficit of 305 million U.S. dollars in June, the bureau said.
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