Producer Prices in Indonesia
Indonesia - Producer Prices
Inflation falls in January
Consumer prices increased 0.32% in January from the previous month, down from December’s 0.62% increase. January’s print was driven by higher prices in all subsectors except the transportation, communication and financial services subsector.
Inflation dipped from 3.1% in December to 2.8% in January, falling further than markets had expected but remaining within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation was unchanged at 3.1%.
Indonesia Inflation Forecast
Looking ahead, inflation is set to remain fairly subdued and comfortably within the target range, thanks to the recent fall in oil prices and government price controls, with FocusEconomics Consensus Forecast panelists expecting inflation to average 3.6% in 2019 and 3.8% in 2020. As a result, Bank Indonesia is likely to continue conducting monetary policy largely in response to developments in the external sector, particularly the evolution of the rupiah and the current account deficit.
Indonesia - Producer Prices Data
|Inflation (WPI, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||7.97||-0.05 %||Feb 14|
|Exchange Rate||14,090||0.05 %||Feb 14|
|Stock Market||6,420||-0.32 %||Feb 14|
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February 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.2 billion in January, once more coming in wider than market expectations.
February 11, 2019
In December, retail sales grew 7.7% over the same month in the prior year, up from November’s 3.4% expansion and matching the Bank’s initial estimate.
February 6, 2019
The economy expanded 5.2% in the fourth quarter according to recent data released by Statistics Indonesia, matching Q3’s reading and FocusEconomics panelists’ expectations.
February 1, 2019
Conditions in Indonesia’s manufacturing sector largely stagnated in January according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 51.2 in December to 49.9 in January.
February 1, 2019
Consumer prices increased 0.32% in January from the previous month, down from December’s 0.62% increase.