In August, consumer prices increased 0.93% over the previous month, which was above the 0.67% rise recorded in July. Prices were higher in all categories of the CPI basket, particularly in the food and clothing categories, which rose during the Muslim fasting month of Ramadan, a time which usually sees a seasonal spike in prices in the aforementioned categories. As a result of the pronounced price increase, annual inflation accelerated from 4.6% in July to 4.8% in August, which was above market expectations of 4.7%. Annual average inflation fell from 6.2% in July to 6.0% in August. As inflation remains contained, the Central Bank left the benchmark interest rate unchanged at 6.75% for an eighth straight month at its meeting held on 8 September.
Inflation accelerates on the back of higher food and clothing prices
September 5, 2011
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Indonesia Economic News
October 17, 2016
Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
October 12, 2016
Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.4 in August to 50.9 in September, according to a release provided by Nikkei and IHS Markit.
September 22, 2016
At its 21–22 September monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.25% to 5.00%.