Indonesia central bank gov sees some inflation pressure from tax on cattle imports

Published Fri, Jan 22, 2016 · 06:36 AM

[JAKARTA] Indonesia central bank expects temporary additional inflationary pressure due to a recently imposed value added tax on imported cattle, Governor Agus Martowardojo said on Friday.

He told reporters he expects the additional pressure on inflation to last for two or three months.

Indonesia has imposed a 10 per cent value-added tax on some imported cattle, the finance minister said earlier this week.

In December, Indonesia's annual inflation rate was 3.35 per cent.

REUTERS

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International

International

Indonesia central bank gov sees some inflation pressure from tax on cattle imports

International

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US expects to finalise new Aukus trade exemptions in next 120 days

IMF concerned about debt, fiscal challenges facing low-income countries

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Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill

Fed survey cites inflation, US election as key financial stability risks

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