Despite people purchasing power weak, Indonesia's inflation predicted only 0.01%

Published 2021년 9월 30일

Tridge summary

Indonesia is expected to experience deflation in September 2021, according to the central bank, with the Central Statistics Agency set to announce inflation data on October 1. The anticipated deflation rate is 0.01% and is largely due to decreases in the prices of broiler eggs, shallots, cayenne peppers, red chilies, and garlic. Meanwhile, prices for broiler meat, cooking oil, mustard greens, and cigarettes have increased. Despite increased public mobility, bank lending, and money supply growth, inflationary pressure is expected to remain low, aligning with the lower end of the central bank's target range of 3% plus or minus one.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Indonesia's inflation rate will still be slow in September 2021. Even the central bank predicts that there will be deflation. The Central Statistics Agency (BPS) will announce inflation data for September 2021 on October 1, 2021. The market consensus compiled by CNBC Indonesia estimates that monthly inflation (month-to-month/mtm) is very thin at 0.01%. Meanwhile, annual inflation (year-on-year/yoy) is estimated at 1.655%. Then core inflation is 'forecast' at 1.33% yoy. Bank Indonesia (BI) estimates that deflation will occur in September 2021. If it materializes, it will be the first in the last three months. BI in the Price Monitoring Survey (SPH) until week IV estimates that there will be a deflation of 0.01% in September 2021 compared to the month. This brings calendar year inflation (year-to-date/ytd) to 0.83% and annual inflation to 1.63%. "The main contributors to deflation in September 2021 until the fourth week are broiler eggs of -0.08% (mtm), ...

Source: Cnbcindonesia