Finance Minister Sri Mulyani Indrawati said Friday at the Asean Finance Ministers and Central Bank Governors Meeting session that the surge in the global commodity prices was believed to happen as the spillover effect of the Ukraine crisis.
The Indonesian people have seen a surge in cooking oil prices up to 6 percent in the domestic market since the government removed the price cap on cooking oil in February following an increase in international crude palm oil prices. Indonesia's state-owned oil and gas company Pertamina also raised the price of its high-octane gasoline product, named Pertamax, by 40 per cent starting on Friday.
Margo Yuwono said that inflation would likely be higher in April due to several reasons that are related to each other such as a surge in global commodity prices amid the Ukraine crisis, high demands in many goods amid easing Covid-19 curbs, high demands in staple foods during the holy month of Ramadan ahead of Eid al-Fitr holiday, and the government's policy to raise the value-added tax from 10 percent to 11 percent which took effect on Friday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia abstains from vote on Russia's UN Human Rights Council membershipBrunei, Singapore, Thailand, Indonesia and Cambodia also abstained. biasa la...👎👎👎🤬🤬🤬 Wasted Usd1 billion given by potus.SecBlinken IsmailSabri60 so this is what your government stands for? Ignore the torture and murder of innocent civilians? And you want to push your BM agenda instead?
Source: malaysiakini - 🏆 20. / 51 Read more »
Johor minta bantuan Indonesia cari penyelam remaja warga Belanda | The Malaysian InsightNathen Renze Chesters, 14, berkemungkinan dihanyutkan ke perairan Indonesia, kata Menteri Besar Johor Onn Hafiz Ghazi.
Source: msianinsight - 🏆 8. / 63 Read more »
Russian shoppers feel pinch as inflation tops 16pc | Malay MailMOSCOW, April 9 — Russia’s inflation rate reached 16.7 per cent year-on-year in March, the state statistics agency said yesterday, a level not seen since 2015, while food prices have risen even more steeply. Prices in March — the first full month since Moscow began its military campaign in...
Source: malaymail - 🏆 1. / 86 Read more »
Mersing missing divers: Cops yet to quiz sole diving survivor, pending her full recovery | Malay MailMERSING, April 8 — Police have yet to complete their investigations into the remaining three missing foreign divers despite their Norwegian instructor who was found off the waters of Pulau Tokong Sanggol here yesterday. Mersing police chief Superintendent Cyril Edward Nuing said it was due to the...
Source: malaymail - 🏆 1. / 86 Read more »
Airport delays will hit aviation recovery, UK regulator warns | Malay MailLONDON, April 8 — Cancelled flights and long queues at British airports caused by a lack of staff due to the coronavirus pandemic will hit confidence and hold back recovery unless the problems are resolved quickly, the aviation regulator said today. British Airways and easyJet have cancelled...
Source: malaymail - 🏆 1. / 86 Read more »