RI`s inflation rises 0.75 pct in August

"The on-year inflation rate stood at 3.58 percent (in August). Since the government has set the inflation target of 6.0 percent (for this year) we still have a reserve of 2.4 percent. This means that on-month inflation must average 0.60 percent in the four months ahead. Over the period there will be inflation which may be lower or higher than expected. What is important is that the government can ensure consumers of an adequate supply of goods," he said.

He said the government-set inflation target of 6.0 percent for 2007 was somewhat risky as the monthly inflation figures in July and August 2007 were fairly higher than in the same period last year.