Year-on-year (YoY) inflation in January 2024 was reported at 2.57%, which is lower compared to the annual inflation in January 2023, reaching 5.28%. The decline in YoY inflation in January 2024 was driven by increases in all sectors except for the energy sector and the information, communication, and financial services sectors. The sectors experiencing the […]
With a spirit of renewal and high hopes, we welcome the 2024 elections in Indonesia. This election is important in determining the direction of national leadership for the next five years, and in shaping important policies, including in the employment sector which is an important pillar in our country’s economic and social development. Amid global […]
Sejak pendiriannya pada 1967, The Association of Southeast Asian Nations (ASEAN) telah memiliki visi ekonomi yang kuat. Dewasa ini visi tersebut tercermin dari aspirasi ASEAN sebagai kawasan dengan ekonomi yang dinamis dan menjadi episentrum pertumbuhan ekonomi global, dengan peluncuran Masyarakat Ekonomi ASEAN pada 2015 menjadi salah satu tonggaknya.
Stood at 2.61% (y.o.y) in December, Indonesia’s inflation rate throughout 2023 has shown a downward trend and been successfully kept within BI’s target range. The 2023 inflation realization is substantially below 2022 full-year inflation figure that reached a staggering level of 5.51% (y.o.y) due to skyrocketed commodity and energy prices. Before 2022, full-year inflation always […]
We observe a declining inflation rate trend throughout 2023, back to the Bank Indonesia’s inflation target. It hit the highest level in February 2023 at 5.47% and steadily decreased afterward, reaching 2.61% in December 2023. This is the lowest inflation rate in two decades outside the pandemic period 2020-2021.
El-Nino still plays a major part in pushing inflation upward. Headline annual inflation climbed up to 2.86% (y.o.y) in November 2023. Contrary to the previous months, source of pressure of food prices shifted in November from rice to other commodities, such as red chili pepper, cayenne pepper, and onion. While GoI has done a rather […]