Producer Prices in Indonesia
Indonesia - Producer Prices
Inflation dips further in March
Consumer prices increased 0.11% in March from the previous month, contrasting February’s 0.08% decline. March’s print was driven by higher prices for clothing and health.
Inflation dipped from 2.6% in February to 2.5% in March, marking a fresh multi-year low and falling to the bottom end of Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation dipped marginally from 3.1% to 3.0%.
Looking ahead, inflation is set to remain subdued thanks to ongoing government measures to control prices, including through subsidies and efforts to improve the food supply. Moreover, the current account deficit is set to narrow from 2018, which should lessen pressure on the rupiah.
However, our panelists do see an uptick in inflation from the current low level later this year, with the Consensus projecting inflation of 3.5% in 2019 and 3.8% in 2020. That said, inflation should stay comfortably within the target range. As a result, Bank Indonesia is likely to continue conducting monetary policy largely in response to external developments.
Indonesia - Producer Prices Data
|Inflation (WPI, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.16||-0.05 %||Jan 30|
|Exchange Rate||14,130||0.05 %||Jan 30|
|Stock Market||6,464||-0.32 %||Jan 30|
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April 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.5 billion in March, contrasting market expectations of a deficit but down from the USD 1.1 billion surplus registered in the same month of the prior year.
April 10, 2019
On 17 April Indonesian voters head to the polls to elect a new president and parliament.
April 9, 2019
In February, retail sales grew 9.1% over the same month in the prior year, up from January’s 7.2% figure but slightly below the Bank’s initial estimate of 10.9%.
April 1, 2019
Consumer prices increased 0.11% in March from the previous month, contrasting February’s 0.08% decline.
April 1, 2019
Conditions in Indonesia’s manufacturing sector improved in March according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.1 in February to 51.2.