Economic Research | 5 September 2017 | |||
Indonesia | ||||
Economic Update | ||||
August Inflation Remains Moderate After Holiday Season Headline inflation remained moderate at 3.8% YoY in August (+3.9% in July). This was attributed mainly to stable increases in the price of raw food and clothing categories after the school holidays and Aidil Fitri festivities. For the full year, as volatile food prices remain manageable, we lower our headline inflation estimate to 4% in 2017, from the previous estimate of +4.2% and +3.5% last year. The higher forecast inflation rate for 2017 is on account of: 1. Higher energy prices as a result of elevated crude oil prices; 2. Electricity tariff hikes; 3. Modest pick-up in volatile food prices. Economist: Rizki Fajar| +6221 2970 7065 | ||||
To access our recent reports please click on the links below: 23 Aug: BI Cuts Key Policy Rate, Maintains Neutral Stance 16 Aug: Exports And Imports Rebounded in July After Festivities 14 Aug: CAD Continues To Widen In 2Q17, BOP Surplus Declines 08 Aug: Economic Growth Sustained In 2Q17 02 Aug: July Inflation Eases Off After Aidil Fitri Festivities 01 Aug: June M2 Growth Picks Up, Loan Growth Moderates | ||||
Economics Team | ||||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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