Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Indonesia News  >>   Economy  >>   Easing food prices to slow inflation
NEWS UPDATES Asean Affairs        31  May 2011

Easing food prices to slow inflation

Related Stories

May 30, 2011
Indonesia needs to reduce red tape

May 28, 2011
Indonesia foreign reserves swell 21 percent

May 18, 2011
Creative industry takes off in Indonesia

May 13, 2011
Indonesia retains rate

May 11, 2011
Indonesian mining law overhauled

May 4, 2011
Indonesia urged to stop fuel subsidies

April 27, 2011
Indonesia prepares for inflation

Inflation is expected to have slowed in May, paving the way for the central bank to keep its key interest rate at 6.75 percent, economists say.

The Central Statistics Agency (BPS) said last month that inflation slowed to an annualized 6.16 percent, the lowest in sixth months, after coming in at 6.65 percent in March.

Wednesday’s announcement of May’s inflation and trade statistics by the BPS is expected to bring further good news.

“Inflation may slow further to 5.8 percent compared to last year,” Purbaya Yudhi Sadewa, an economist at Danareksa Research Institute, said on Monday.

He said prices for food such as chilies, onions, meat and eggs were lower on average this month, helping ease the rate of inflation.

“Rice prices started picking up last week, but the average price is still lower compared to the average price the month before,” Purbaya said.

Food and commodity prices had soared in recent months, pushing the rate of inflation higher, but that pressure eased as Indonesia’s rice harvest began replenishing the country’s stocks.

Helmi Arman, an economist at Bank Danamon, said he expected a stable inflation figure of 5.88 percent in May.

“Consumer inflation expectations were still high as of April, which may have led to continued adjustments in informal sector wages such as for housemaids and construction workers,” Helmi said.

He warned that the core consumer price index could increase for May but expected controllable year-on-year figures.

“Inflation is likely to have eased further in May, again on the back of stabilizing food prices, with rice prices falling for the fourth consecutive month since peaking in December to January,” said Gundy Cahyadi, an economist at OCBC Bank, which forecast year-on-year inflation for May at 6.1 percent.

“The underlying support for domestic inflation, however, is likely to remain supported amid the strong domestic demand prevailing in the economy,” he added, projecting May core inflation at 4.8 percent, up from April’s core inflation of 4.62 percent.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code



 
Today's  Stories    31  May 2011 Subsribe Now !
• Asean governments need to forego fuel subsidies Subcribe: Asean Affairs Global Magazine
• Easing food prices to slow inflation Asean Affairs Premium
• Philippines growth slows
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

 
• Thaksin denies lust for power
• Thai satellite moves closer

• Central buys Italian department stores

• Fuel imports to Vietnam increase

• Vietnamese electronics sector hit by imports
p

Asean Analysis    31   May 2011

Advertise Your Brand
• Politics and economics in Thailand Sponsor Our Events

Asean Stock Watch    31  May 2011

 
• Asean Stock Watch-May 31 p

Global News Impacting Asia    17 November 2010

p

• Bank of America sees Asian inflation

p

• Lloyd’s increases insurance push in Malaysia

p

• Wells Fargo analyst on euro

p

• Obama’s visit to Asia

p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

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

 

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com