Year-on-year (YoY) inflation in November 2023 was reported at 2.86%, showing an increase of 0.30% compared to the annual inflation in October 2023. This indicates a rise in YoY inflation that is consistent with the previous month, October 2023, which also increased by 0.29% relative to September 2023. The increase in YoY inflation in November...Read More

Disruption in rice production due to the El Nino phenomenon resulted in an increase in inflation in October 2023, albeit not significantly, with the overall inflation recorded at 2.56% (y.o.y), within the BI’s target range. The trade balance in October showed an increased surplus of USD 3.48 billion, supported by a moderate decline in both...Read More

Political climate and global monetary condition will be two of the key themes that will affect Indonesian economy 2024. The upcoming general election may have mixed effects on growth and other macroeconomic indicators in 2024. On one hand, Indonesia will carry out its first ever simultaneous elections (Pemilu Serentak) from national to city level; consequently...Read More

Year-on-year (YoY) inflation in October 2023 was reported at 2.56% or an increase of 0.29% compared to annual inflation in September 2023. This shows that there has been a rebound after last month’s decline. YoY inflation in October 2023 occurred in all sectors, the sectors with the highest YoY inflation values this month were the...Read More

Towards the final quarter of 2023, the issue of determining the minimum wage in 2024 has become one of the interesting issues discussed. Minimum wage does not only affect employers, the determination of the minimum wage will more or less impact people’s or workers’ income in the coming year. To capture aspirations from various stakeholders, the...Read More

Indonesia’s inflation figure fell below 3% in September due to the high-base effect from the same period last year. However, the inflation trends underscore the ongoing efforts to preserve price stability amid diverse challenges, most notably the El Nino weather phenomenon, which is expected topeak in September. Indonesia also maintained a higher trade surplus in...Read More

Year-on-year (YoY) inflation in September 2023 was reported at 2.08% or decreased by -0.99% compared to annual inflation in August 2023. This shows a decline in the general YoY inflation value in the last 6 months, after last month there was an increase of 0.19%. The decline in inflation this month was also the lowest...Read More