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NEWS UPDATES Asean Affairs     April 5, 2017  







Indonesia experiences 0.02 percent deflation in March

Indonesia experienced deflation of 0.02 percent in March because of a harvest season that helped push down prices of several major food commodities, bringing annual inflation to 3.63 percent, the Central Statistics Agency (BPS) reported on Monday.

It was the first deflation this year after the inflation rate of Southeast Asia's largest economy rose 0.97 percent in January and 0.23 percent in February.

BPS head Suhariyanto said the deflation in March was a little outside of expectations as Bank Indonesia (BI) previously predicted inflation at 0.05 percent and several analysts also forecast a low inflation rate.

"Deflation occurred sharply by 0.66 percent in food commodities, coupled with declining prices by 0.13 percent in transportation, communications and financial services," he said in a press conference at the BPS headquarters on Monday.

Meanwhile, inflation in March occurred in processed foods, cigarettes, housing, clothing, health, education, sports and other components.

"The relatively sharp decline in food prices helped lower the effects of a previous electricity price adjustment and an increase in prices of certain types of fuel," Suhariyanto added.

The electricity price hike that spiked inflation in January was caused by a cut in government subsidies for 900 volt-ampere (VA) customers.



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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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