The State News Agency Antara reports that the inflation rate in Bali’s capital of Denpasar for the month of March 2014 hit 0.32% - higher than the national average for that month of 0.08%. The higher rate of inflation in the Island’s capital was driven by five specific areas of consumer expenditure.
Meanwhile, according to the Bali Bureau of Statistics (BPS-Bali), the rate of inflation for Bali as a whole for March 2014 stood at 0.29%, a rate also more than three times the national average.
BPS-Bali said Bali experienced higher rates of inflation in five areas of the consumer economy: health (1.31%), foodstuffs (0.58%), transportation (0.51%), communication (0.51%) and financial services (0.51%).
Housing, water, electricity, gas and fuel experienced price inflation of 0.09% in Bali in March.
Deflation of 0.10% occurred in March in the clothing sector
Prices for basic food supplies of chili peppers, rice, eggs, plus airfares and shampoo all increased in March.
Meanwhile prices decreased in the same period for chicken meat, kai choy (sawi), tomatoes, tuna fish, scallions and bananas.
© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.