In August, the wholesale price index (WPI) ? India's headline inflation measure ? increased 0.58% over the previous month. The reading virtually matched the 0.59% price increase observed in July (previously reported: +0.65% month-on-month) but overshot market expectations, which had prices rising 0.46%. The increase was mainly driven by higher prices for both food and non-food primary articles, such as flowers, seeds and raw cotton. Despite the relatively moderate monthly price increase, annual headline WPI inflation jumped from 9.2% in July to 9.8% in August, which represents the highest level since July 2010. The significant increase mainly reflected an unfavourable base effect, as prices remained virtually flat in August last year. Meanwhile, the slightly dated consumer price index for industrial workers (CPI-IW) rose 2.18% in July over the previous month, which was more than double the 0.95% increase observed in June. Despite the monthly price increase, annual CPI-IW inflation fell for the third month in a row, down from 8.6% in June to 8.4% in July.
Inflation jumps in August to highest level in over a year
September 5, 2011
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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.