Macroeconomic Analysis Series: BI Board of Governor Meeting, September 2023
Indonesia’s inflation remained stable and aligned with the BI’s target range. August’s trends in core inflation, administered prices, and the volatile food group underscore
Indonesia’s inflation remained stable and aligned with the BI’s target range. August’s trends in core inflation, administered prices, and the volatile food group underscore
Inflation slowed further after the normalization of global prices and the domestic price control program implementation. The economy also grew stronger than expected in
The latest inflation figure eased and fell in the range of BI’s target of 3±1%. Other indicators, such as CCI and PMI, also showed
Headline inflation rate eased to the upper range of BI’s target with benign core inflation. Amidst declining commodity prices driven by declining global demand,
Headline inflation is gradually subsiding with steady core inflation that indicates strong and manageable domestic demand. Externally, the less aggressive monetary tightening from the
The inflation figure moved in a favourable direction as it decreased to 4.97% (y.o.y), getting closer to BI’s target range of 3±1%. From the
The inflation figure moved in reverse direction as it increased to 5.47% (y.o.y), after a downward pattern since September 2022. This mainly contributed by
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