FW: RHB | Indonesia | November Inflation Continues To Ease; Lowering Forecasts

 

 

Economic Research			5 December 2017
Indonesia
Economic Update
November Inflation Continues To Ease; Lowering Forecasts     Headline inflation moderated to 3.3% YoY in November (+3.6% in October). This was attributed to a decline in the price of raw food. Further out, we revise our forecasts for headline inflation to inch lower to 3.6% in 2018, from +3.8% estimated for 2017. This is lower than our previous estimation of 4% in 2017 and 3.8% in 2018, due to lower-than-expected food inflation. This is on account of:     i.   The Government’s commitment to keep energy prices stable;    ii.   Manageable volatile food prices.              Economist:  Rizki Fajar| +6221 2970 7065
To access our recent reports please click on the links below: 04 Dec: October M2 Growth Edges Down, Loans Pick Up 17 Nov: BI Continues To Pause In November 16 Nov: October Exports And Imports Accelerated 13 Nov: CAD Narrows In 3Q17, BOP Surplus Surges 07 Nov: Growth Inches Higher In 3Q17 As Government Spending Rebounds 02 Nov: October Inflation Eases
Economics Team
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

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