Inflation in Indonesia
Indonesia - Inflation
Inflation stays within the target range in July
Consumer prices increased 0.31% over the prior month in July, down from June’s 0.55% uptick, and driven by higher prices for food and clothing.
Inflation was stable at 3.3% in July, remaining within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point, while core inflation dipped from 3.3% to 3.2%. Low oil prices have helped contain price pressures in recent months. Looking ahead, inflation is seeing remaining comfortably within the target range, which could give the Central Bank leeway to continue loosening its stance—providing the rupiah evolves favorably—to support the economy.
FocusEconomics Consensus Forecast panelists project inflation to average 3.2% in 2019 and 3.6% in 2020.
Indonesia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.4||6.4||6.4||3.5||3.8|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Inflation Chart
Source: Statistics Indonesia.
|Bond Yield||7.38||-0.05 %||Jul 31|
|Exchange Rate||14,017||0.05 %||Jul 31|
|Stock Market||6,391||-0.32 %||Jul 31|
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August 22, 2019
At its 21–22 August monetary policy meeting, Bank Indonesia (BI) lowered the seven-day reverse repo rate from 5.75% to 5.50%.
August 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 0.1 billion in July, contrasting June’s USD 0.3 billion surplus.
August 8, 2019
In June, retail sales fell 1.8% year-on-year, contrasting May’s 7.7% expansion and missing the Central Bank’s initial estimate of a 2.2% expansion.
August 5, 2019
The economy expanded 5.0% in Q2 2019, according to recent data released by Statistics Indonesia.
August 1, 2019
Conditions in Indonesia’s manufacturing sector worsened in July, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 50.6 in June to 49.6.