Tridge summary
Indonesia is experiencing a rise in inflation, with the rate expected to accelerate according to the Central Statistics Agency. The expected November 2021 inflation rate is 0.31% mtm and 1.7% yoy. The increase in inflation is largely due to an increase in food prices, with chicken eggs, cooking oil, red chilies, and other commodities contributing to the rise. The rise in inflation is in line with the projections of Bank Indonesia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Jakarta, CNBC Indonesia - Slowly but surely, Indonesia's inflation rate is starting to accelerate. Indonesia is not immune from the problem that haunts the world: rising food prices. The Central Statistics Agency (BPS) is scheduled to release November 2021 inflation data on December 1, 2021. The market consensus compiled by CNBC Indonesia resulted in a median figure of 0.31% for November 2021 inflation compared to the previous month (month-to-month/mtm). Meanwhile, the median inflation projection for November 2021 compared to November 2020 (year-on-year/yoy) is 1.7%. Then the annual core inflation 'forecast' is at 1.435%. // If this ...
Source: Cnbcindonesia
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