Bank Indonesia
Indonesian inflation at 19-month low as food prices fall
Inflation in Indonesia fell to its lowest level in 19 months in November, giving Bank Indonesia, the central bank, some scope to reduce its key interest rate amid increasing concerns about the global economy.
The consumer price index, a measure of inflation, rose 4.15 percent in November from the same period a year ago, the Central Statistics Agency (BPS) said on Thursday. It was the smallest rise since a 3.91 percent increase in April 2010.
Indonesia May inflation slows to 7-month low, rates seen on hold
Indonesia's inflation slowed in May to fall within the central bank's 2011 target range for the first time this year, leading economists to predict that Bank Indonesia will have room to leave rates on hold in coming months.
Many analysts have scaled back their rate expectations again this year to just one more increase, after policymakers succeeded in subduing prices by importing rice and letting the rupiah surge, though price pressures may pick up by August.
Indonesia’s consumer confidence dipped in May
Bank Indonesia's Consumer Confidence Index dropped slightly in May but is still showing optimism, although there is growing concern about rising prices and diminishing savings.
Consumers are mainly worried about rising prices for clothing, transportation, and recreation, Bank Indonesia said.
Indonesian consumer confidence up on income, job picture
Bank Indonesia's Consumer Confidence Index (CCI) improved in April, with optimism about the increasing availability of jobs and rising incomes outweighing concerns about rising prices.
The CCI rose by 3.3 points from March to 110.7 points, the highest since November, when the index hit 111. A reading of more than 100 indicates optimism about the economy.
The central bank expects the economy to grow by 5.6 percent, while the government is forecasting 5.8 percent growth this year.
