In December, consumer prices rose 0.57% over the previous month, which was above the 0.34% increase recorded in November. 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 over the previous month. Annual inflation decelerated for the fourth consecutive month, falling from 4.2% in November to 3.8% in December. The figure was in line with market expectations and marked the slowest pace in the last 20 months. Annual average inflation also moderated from 5.6% in November to 5.4% in December. Inflation has been moderating since January, with the exception of a seasonal spike in August, 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.
Inflation eases to 20-month low in December
January 2, 2012
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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%.