Indonesia Balance of Trade (in million USD):

Indonesia Financial Update: May 2014 Trade Balance and June 2014 Inflation

Regarding inflation, both Indonesian Trade Minister Muhammad Lutfi and Coordinating Minister for Economic Affairs Chairul Tanjung said that there is no cause for concern as prices have remained stable. Both ministers were particularly referring to the price of rice (in fact the extreme rainy conditions at the start of the year have a positive impact on rice harvests in June and July). At the end of June, the holy fasting month of Ramadan will commence (followed by Idul Fitri celebrations) and which traditionally trigger inflationary pressures as people increase spending on food products as well as on clothing, bags, shoes and transportation.

On a year-on-year basis, inflation rose from 7.25 percent in April to 7.32 percent in May 2014. The inflation figure of Southeast Asia’s largest economy is still high due to the impact of the reduction in fuel subsidies implemented in June 2013.

 Inflation in Indonesia:

Month  Monthly Growth
 Monthly Growth
January          1.03%          1.07%
February          0.75%          0.26%
March          0.63%          0.08%
April         -0.10%         -0.02%
May         -0.03%          0.16%
June          1.03%  
July          3.29%  
August          1.12%  
September         -0.35%  
October          0.09%  
November          0.12%  
December          0.55%  
Total          8.38%          1.56%
    2008   2009   2010   2011   2012   2013
(annual percent change)
   9.8    4.8    5.1    5.4    4.3    8.4

Source: Statistics Indonesia