Indonesia Inflation Slows
Indonesia Inflation Slows

Indonesia Inflation Slows

Indonesia Inflation Slows

Indonesia’s annual inflation rate slowed slightly in August as food prices fell on a monthly basis, the Central Statistics Agency said on Monday, Reuters reported. Headline consumer prices rose 3.82% in August from a year ago, against the expectation of 3.95% in a Reuters poll. July’s annual inflation rate was 3.88%. Indonesia’s central bank targets a headline inflation rate at 3-5% this year. In August, the consumer price index fell 0.07% on a monthly basis. Prices of food, such as fish and vegetables, fell from a month earlier. The annual core inflation rate, which excludes government-controlled and volatile food prices, was 2.98% in August, from 3.05% in July. The poll had forecast 3%. Bank Indonesia took advantage of contained inflation and a healthy current account deficit outlook to cut its benchmark interest rate by 25 basis points to 4.50% last month, the first cut since October 2016. The central bank’s next policy review will end on Sept. 22.


Short URL : https://goo.gl/efYzYm
  1. https://goo.gl/CL11Ht
  • https://goo.gl/xe8mVU
  • https://goo.gl/xJg12m
  • https://goo.gl/dPFPAC
  • https://goo.gl/y9Kkhn

You can also read ...

India Hits Back at US With Tariffs
Responding to the US import tariffs on certain steel and...
American farmers are losing sales as trading partners hit back with duties of their own.
Only a few months ago, the global economy appeared to be...
Few Will Want to Invest in High-Risk North Korea
US President Donald Trump dangled the carrot of foreign...
Ministers Fired After Argentina Currency Collapse
Argentina’s President Mauricio Macri has replaced two cabinet...
Refugees now comprise about 20% of Jordan’s population.
Saudi Arabia, the United Arab Emirates and Kuwait pledged $2.5...
Businesses in Gaza are cutting back production as a result of falling consumer demand, the prevailing financial sanctions, restricted access to goods and materials, and lack of freedom of movement.
Humanitarian, socioeconomic, political and security conditions...
Greece Creditors Debate Extensions on Bailout Loans
Greek bailout talks are reaching the final stretch and...
Eurozone Reform Agreement
Paris and Berlin are very close to an agreement on eurozone...

Add new comment

Read our comment policy before posting your viewpoints