Tag: Inflation
Below is a list with tagged columns and company profiles.
Today's Headlines Inflation
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Consumer Price Index of Indonesia: Finally Some Inflationary Pressures in February 2024
Over the past couple of months we have often expressed our concern over inflation in Indonesia, particularly low core inflation as it could signal that purchasing power is quite weak. In February 2024 we finally saw some inflationary pressures again in Indonesia with a 0.37 percent month-on-month (m/m) inflation rate.
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Indonesia Investments Releases Its February 2024 Report
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Indonesia Investments Releases January 2024 Report - Economic & Political Analyses
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New Report Out: Indonesia Investments Releases December 2023 Edition
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Consumer Price Index Indonesia: Inflation Higher than Expected in November 2023
Interestingly enough, November was the month that – so far – brought the biggest inflationary pressures to Indonesia in 2023. The latest data published by Indonesia’s Statistical Office (Badan Pusat Statistik, BPS) showed that headline inflation reached 0.38 percent month-on-month (m/m) in November 2023, higher than expected.
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New Report Out: Indonesia Investments Releases November 2023 Edition
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Consumer Price Index of Indonesia: Inflation Remains Low Despite Rising Fuel and Food Prices
Inflationary pressures in October 2023 were in line with our expectations. Based on the latest data from Indonesia’s Statistical Office (Badan Pusat Statistik, BPS), Indonesia’s headline inflation was recorded at a rate of 0.17 percent month-on-month (m/m) in October 2023. On an annual basis, inflation accelerated to 2.56 percent year-on-year (y/y), up from 2.28 percent (y/y) in September 2023.
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New Report Out: Indonesia Investments Releases October 2023 Edition
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Consumer Price Index of Indonesia: Inflation Remains Low Despite Rising Fuel and Food Prices
As expected, inflationary pressures increased on a month-on-month (m/m) basis in September 2023. However, on a year-on-year (y/y) basis, Indonesian inflation eased quite significantly as the impact of the subsidized fuel price hike in September 2022 is now removed from the data. Based on the data from Indonesia’s Statistical Office (BPS), Indonesia’s headline inflation decelerated to a rate of 2.28 percent (y/y).
Latest Columns Inflation
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Current Account Deficit Indonesia at 4.27% of GDP; BI Rate Kept at 7.50%
The central bank of Indonesia (Bank Indonesia) announced two important matters on Thursday (14/08). Firstly, the institution decided to maintain the benchmark interest rate (BI rate) at 7.50 percent, the overnight deposit facility rate (Fasbi) at 5.75 percent, and the lending facility rate at 7.50 percent. Secondly, it announced that Indonesia’s current account deficit widened to USD $9.1 billion, or, 4.27 percent of the country's gross domestic product (GDP) in the second quarter of 2014, a widening that is larger than initially forecast.
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Economic Growth of Indonesia in Second Half 2014: Slowing or Growing?
Indonesia’s gross domestic product (GDP) growth in the first half of 2014 reached 5.17 percent (year-on-year), thus continuing the slowing growth trend that has been recorded by the country since 2011. Forecasts for GDP growth in the second half of 2014 indicate a slight improvement (to the range of 5.2 to 5.3 percent year-on-year) supported by strong household consumption, increased government spending and further growth of the trade and services sector. However, in recent quarters the official GDP figure has been lower than most forecasts.
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Indonesia Market Update: June Trade Balance and July Inflation
According to Statistics Indonesia (BPS), the country’s trade balance in June 2014 recorded a deficit of USD $0.30 billion after the USD $0.05 billion surplus in the previous month. The performance of Indonesia’s trade balance was influenced by shrinkage of the country’s non-oil & gas surplus amid a lower oil & gas deficit compared to May 2014. Meanwhile, inflation was up 0.93 percent (month-to-month) in July 2014; a good performance amid the Ramadan and Idul Fitri festivities. Annual inflation eased to 4.53 percent (year-on-year).
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Markets in Indonesia Positive ahead of Official Presidential Election Result
One day ahead of the official result of the Indonesian presidential election, the benchmark stock index of Indonesia (known as Jakarta Composite Index or IHSG) showed a good performance as market participants seem to speculate not only on a Joko Widodo win, but also on a peaceful and orderly course of events (no large scale demonstrations or riots). On Sunday, president Yudhoyono received both presidential candidates at the State Palace for dinner. This may have helped to cool some of the tension between supporters of both sides.
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Agus Martowardojo: Indonesia's July 2014 Inflation Outpaces July Average
Bank Indonesia Governor Agus Martowardojo expects the country’s July 2014 inflation pace to come in the range of 0.80 to 1.20 percent (month-to-month). This relatively high inflation figure is caused by seasonal factors: the holy fasting month of Ramadan and Idul Fitri celebrations. Ahead and during these festivities, consumers tend to spend more, thus resulting in higher prices in the context of these Islamic celebrations. A recent Bank Indonesia survey showed that inflation already reached 0.80 percent in the first week of July.
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Update Economy of Indonesia; ICRA Indonesia's Monthly Review
ICRA Indonesia, an independent credit rating agency and subsidiary of ICRA Ltd. (associate of Moody's Investors Service), publishes a monthly newsletter which provides an update on the financial and economic developments in Indonesia of the last month. In the June 2014 edition, a number of important topics that are monitored include Indonesia's inflation rate, the trade balance, the BI rate, the IDR rupiah exchange rate, and gross domestic product (GDP) growth. Below is an excerpt of the newsletter:
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How Did the Indonesian Rupiah and Stock Market Perform Last Week?
Emerging currencies in Asia, led by the Indonesian rupiah exchange rate, strengthened in the past week on positive economic data from the US and China, the world’s two largest economies. Companies in the US added more jobs than expected in June 2014, while manufacturing in China grew at its fastest pace in 2014. Improving economies of the US and China are important for Asian countries as it boosts Asian exports. Moreover, Indonesian inflation and trade data contributed to positive market sentiments.
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Indonesia Financial Update: Analysis June Inflation and May Trade Balance
Inflation in June 2014 increased by 0.43 percent (month-to-month, mtm) in accordance with the traditional pattern ahead of the holy fasting month of Ramadan and Idul Fitri celebrations. These occasions always trigger inflationary pressures as consumers increase spending. However, June inflation remains under control and is even lower than the historical average in June in recent years (0.56 percent mtm). On a year-on-year (yoy) basis, inflation stood at 6.70 percent, thus continuing the downward trend since the beginning of 2014.
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Poverty in Indonesia: National Poverty Rate Fell to 11.25% in March 2014
Head of Statistics Indonesia (BPS) Suryamin announced on Tuesday (01/07) that the number of poor people in Indonesia declined slightly to 28.28 million people (or 11.25 percent of the total population) in March 2014, from 28.60 million (11.46 percent of the total population) in September 2013. However, compared to March last year, poverty has increased by 110,000 people due to high inflation and a slowing economy; economic growth slowed to 5.78 percent in 2013 and this decline continued to 5.21 percent in the first quarter of 2014.
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Indonesian Rupiah Exchange Rate Update: Stronger on Falling Oil Prices
The Indonesian rupiah exchange rate is appreciating sharply on Monday (30/06). By 15:13pm local Jakarta time, the currency of Indonesia had strengthened 1.31 percent to IDR 11,838 against the US dollar. Main factors that cause this performance are the weakening US dollar (as a slowdown in the US economic recovery evokes expectations that the Fed Rate will not be raised soon) and falling oil prices; the US benchmark West Texas Intermediate declined 30 cents to USD $105.44 in mid-morning trade while Brent crude fell 22 cents to USD $113.08.
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Other Tags
- Rupiah (1120)
- Indonesia Stock Exchange (759)
- GDP (676)
- Bank Indonesia (616)
- Federal Reserve (554)
- Jakarta Composite Index (505)
- China (453)
- IHSG (412)
- Infrastructure (408)
- BI Rate (404)
Today's Headlines
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- Indonesia Investments Released Its March 2024 Report
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