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NEWS UPDATES Asean Affairs     September 2,  2016  

Indonesia sees 0.22% deflation in August, lowest since 2001

Indonesia saw month-on-month (mm) deflation in August of 0.22 percent, due to a drastic decrease in staple food prices and transportation costs after Idul Fitri, according to the Central Statistics Agency (BPS).

BPS deputy head of distribution and service statistics Sasmito Hadi Wibowo said the August deflation was the lowest monthly figure the agency had seen in the past 15 years. On a year-to-date basis, the BPS reported 1.74 percent inflation while the year-on-year (yoy) inflation was 2.79 percent.

"This deflation is the lowest since August 2001 at 0.21 percent. Meanwhile, the year-on-year inflation is the lowest since 2009, which stood at 2.78 percent," he said in a press conference in Jakarta on Thursday.

The agency recorded August's core inflation at 0.36 percent mm and 3.34 percent yoy, the lowest since 2009. "In general, this is due to the persistently low global commodity prices, which affected all commodity prices," Sasmito said.

He added the month's deflation was mostly driven by deflation in transportation costs at -1.02 percent and -0.68 percent in staple food prices. "After Idul Fitri in July, staple food prices and transportation were drastically low in August," Sasmito said.

On the opposite end, education, recreation and sports posted the highest inflation in August, at 1.18 percent.

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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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"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.

 The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.




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