In January, consumer prices rose 0.76% over the previous month, which was above the 0.57% increase tallied in December. Food prices, the largest component of the consumer price index, increased over the previous month and had the biggest impact on the reading. In addition, prices in the housing category also rose markedly over the previous month. Despite the monthly rise, annual inflation fell for the fifth consecutive month, inching down from 3.8% in December to 3.7% in January. The figure was virtually in line with market expectations and marked the slowest pace seen in the last 22 months. Annual average inflation also moderated from 5.4% in December to 5.1% in January. Inflation has been slowing since January 2011, with the exception of a seasonal spike in August last year, thereby giving Bank Indonesia leeway for adopting a more accommodating monetary policy stance in recent months. The Central Bank has an inflation target of 4.5% 1% for 2012 and 2013.
Inflation falls to 22-month low in January
February 1, 2012
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Indonesia Economic News
October 20, 2016
At its 19–20 October monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.00% to 4.75%.
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.