Wednesday, August 2, 2017

July Inflation Eases Off After Aidil Fitri Festivities

Economic Research
2 August 2017

Economic Update

Headline inflation eased to 3.9% YoY in July (+4.4% in June), attributed mainly to slower increases in the price of almost all products & services after the Aidil Fitri festivities. For the full year, we forecast headline inflation to pick up to +4.2% in 2017, from +3.5% last year, on account of:
      i.        Higher energy prices in 1H17 as a result of elevated crude oil prices;
     ii.        Electricity tariff hikes;
    iii.        Modest pick-up in volatile food prices.           

Economist:  Rizki Fajar| +6221 2970 7065

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