In September Indonesia’s consumer price index (CPI) deflated by 0.27 percent month-to-month (m/m), particularly due to a decline in food commodity prices. This is good news as we had detected some potential threats to Indonesia’s inflation rate in the August 2019 edition of out monthly report. Meanwhile, Indonesia’s core inflation has remained stable, signaling that deflation is not caused by weakening purchasing power.
Update COVID-19 in Indonesia: 248,852 confirmed infections, 9,677 deaths (21 September 2020)
21 September 2020 (closed)
USD/IDR (14,951) +2.00 +0.01%
EUR/IDR (17,446) +13.55 +0.08%
Jakarta Composite Index (4,999.36) -59.86 -1.18%
The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
On Tuesday 15 October 2019 the Indonesia Trade Investment Summit will be held in the Ritz-Carlton Hotel (Pacific Place) in Jakarta. This high-profile event focuses on the development of investment and trade, including strategies, targets and challenges.
Wiranto, Indonesia's Coordinating Minister for Political, Legal, and Security Affairs, was injured in a knife assault on Thursday morning (10.10.2019) when he arrived for a visit at a local Islamic university in Pandeglang (Banten). Reportedly, one police officer as well as one aide of Wiranto were also injured in the attack.
The Indonesian rupiah rate appreciated modestly in September 2019. The currency started the month at the level of IDR 14,237 per US dollar and ended the month at IDR 14,174 per US dollar (data taken from Bank Indonesia’s benchmark Jisdor rate). In other words, the rupiah strengthened 0.44 percent against greenback in the month of September 2019.