Inflation Data Shows Improvement in Demand
The increase in the inflation rate over the last two months, after three consecutive months of deflation, is believed to reflect a gradual improvement in demand.
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Broiler chicken egg traders await buyers at Pasar PSPT Tebet, Jakarta, Tuesday (12/1/2020). The Central Statistics Agency (BPS) recorded inflation in November of 0.28 percent. Inflation is influenced by the prices of several commodities, such as vegetables and fish, which are still high in several regions. Chicken eggs together with red chilies and chicken meat are a contributor to inflation in the foodstuff sector.
JAKARTA, KOMPAS - The increase in the inflation rate over the last two months, after three consecutive months of deflation, is believed to reflect a gradual improvement in demand. However, overall inflation remains low, which indicates weak domestic demand. Consumer confidence may weaken as recent increases in COVID-19 cases have caused further uncertainty.
According to Statistics Indonesia (BPS) data on Tuesday (1/12/2020), the monthly inflation in November was 0.28 percent, higher than the 0.07 percent October inflation rate. Three months earlier, Indonesia booked deflation of 0.1 percent in July and of 0.05 percent in August and September.