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Jakarta (ANTARA News) - The government has reiterated its optimism that it will be able to keep this year`s inflation rate within its target range.

"We are still optimistic that the inflation rate target of 5, plus and minus 1, percent for this year will be achieved," Coordinating Minister for Economic Affairs Hatta Rajasa said here on Thursday.

The August inflation rate which fell from the previous month suggested that government efforts to control the prices of food stuffs had been fruitful, he said.

The inflation rate hit a 15-month high of 1.57 percent in July 2010, fueled by a rise in the prices of rice and vehicle taxes.

The Central Statistics Agency (BPS) said on Wednesday the August inflation rate reached 0.76 percent, bringing the calendar inflation rate to 4.82 percent and the year-on-year inflation rate to 6.44 percent.

Hatta said the power tariff hike still affected the August inflation rate.

Power tariff hike contributed 0.35 percent to the August inflation rate compared to 0.22 percent as projected previously.(*)

Editor: Heru
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