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NEWS UPDATES Asean Affairs   October 22, 2018  





Bank Indonesia projects 0.12% inflation in October

Indonesia’s inflation rate in October is estimated to reach 0.12 percent month-to-month (mtm), a result of the recent increase in non-subsidized fuel prices, Bank Indonesia (BI) Governor Perry Warjiyo said on Friday.

Statistics Indonesia (BPS) announced that the country recorded a 0.18 percent deflation in September and 0.05 percent in August. The latest figure brings year-to-date (ytd) inflation to 1.94 percent, while year-on-year (yoy) inflation stands at 2.88 percent.

“[The fuel price increase] will become the pushing factor for the inflation rate in October, in addition to the price increase of red chili,” Perry said as reported by kompas.com.

He estimated that up to October, ytd inflation would be recorded at around 3 percent and by the end of the year, inflation would be still within the target of 3.5 percent, plus and minus 1 percent.

Based on BI’s observation, core inflation — administered prices and staple foods prices — was still low, Perry said, adding the price of some basic commodities like chicken meat and shallots even showed deflation.

“The inflation will be still low. It will confirm our estimation that it will be lower than 3.5 percent by the end of 2018,” he added.

BI has set a target of keeping inflation between 2.5 and 4.5 percent this year, as outlined in the 2018 state budget.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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