Indonesia: August inflation forecast low; purchasing power down, Mr. Jokowi?

Published 2021년 8월 31일

Tridge summary

Indonesia is expected to see a slight decrease in inflation rate in August 2021, according to the Central Statistics Agency and Bank Indonesia. This is due to a drop in the prices of health products and services, offsetting the increased costs of items like cooking oil, tomatoes, broiler eggs, and filtered kretek cigarettes. The decrease in health expenditure is attributed to the government reducing the cost of PCR tests and the prices of Covid-19 medication returning to normal. The overall annual inflation rate is projected to be 1.59%.

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

Original content

Jakarta, CNBC Indonesia - Indonesia's inflation rate in August 2021 is likely to slow down. Prices of health products and services have fallen, keeping inflation under control. The Central Statistics Agency (BPS) will release inflation data for August 2021 on September 1, 2021. The market consensus compiled by CNBC Indonesia estimates that inflation will occur at 0.03% compared to the previous month (month-to-month/mtm). Meanwhile, compared to August 2021 (year-on-year/yoy) inflation was 1.59%. Then core inflation on an annual basis is estimated at 1.3%. Bank Indonesia (BI) in the Price Monitoring Survey (SPH) week IV estimates that inflation this month will be at 0.01% mtm. This brings annual inflation to 1.57% and calendar year inflation (year-to-date/ytd) 0.82%. "The main contributors to inflation in August 2021 until the fourth week are cooking oil commodities at 0.03% (mtm), tomatoes at 0.02% (mtm), broiler eggs and filtered kretek cigarettes at 0.01% each. Meanwhile, several ...

Source: Cnbcindonesia