In January, consumer prices added 0.89% over the previous month. The figure remained broadly unchanged from the 0.92% price rise observed in December and mainly reflected higher food prices. Despite the pronounced price increase, annual inflation remained unchanged at 7.0% in January but came in above market analyst expectations, which had seen inflation at 6.8%. Annual average inflation rose from 5.1% in December to 5.4% in January, continuing the upward trend that began in May 2010. In the face of increasing inflation, the Central Bank raised the benchmark rate by 25 basis points to 6.75% at its most recent meeting on 4 February. The hawkish move took the market by surprise and marked the first interest rate hike since 2008. Monetary authorities explained their decision as ?an anticipatory measure to curb the renewed onset of increased inflation expectations?. The Central Bank set an inflation target of 5.0% 1% for this year and 4.5% 1% for 2012.
Inflation remains unchanged in January
February 1, 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.