In February, consumer prices rose a modest 0.05% over the previous month, which was only a fraction of the 0.76% increase tallied in January. Prices for housing as well as for clothing rose over the previous month, more than offseting a decline in food prices, the largest component of the consumer price index. Annual inflation fell for the sixth consecutive month, inching down from 3.7% in January to 3.6% in February. The figure undershot market expectations of 3.8% and marked, in fact, the slowest pace of inflation seen since March 2010. 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 continues to moderate in February
March 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.