In October, consumer prices decreased 0.12% over the previous month, which contrasted the 0.27% rise recorded in September. Food prices, which have the biggest weight in the consumer price index, fell 0.35%. Clothing prices decreased 1.26% over the previous month. As a result, annual inflation decelerated from 4.6% in September to 4.4% in October, which was below market expectations of 4.8%. Annual average inflation eased from 5.9% in September to 5.8% in October. Inflation has been moderating since January, with the exception of a seasonal spike in August, giving Bank Indonesia leeway for adopting a more accommodating monetary policy. The Central Bank has an inflation target of 5.0% 1% for this year and 4.5% 1% for 2012.
Inflation continues to moderate in October on the back of lower food prices
November 1, 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%.