(MENAFN) The Indonesian government took measures to control the hikes of goods' prices across the country, following the raise of subsidized-fuel prices by nearly 31 percent, Xinhua reported.
The country's central bank, Bank Indonesia, has forecast inflation to be between 3.5 to 5.5 percent at the end of the year, but the fuel price rise may push up the inflation rate.
"On inflation, I told the governors to monitor the stockpiles of goods and their distribution," Indonesian President said after the meeting with the governor at the palace.
With the new policy, the country's President aims to pursue over a 7 percent GDP within 2 years, compared with this year's 5.2 percent to 5.3 percent GDP expectation.
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