Newsflash: November Inflation 0.12%, Export Grows 6.87% in October
Today (02/12), Statistics Indonesia (BPS) announced that Indonesian inflation was recorded at 0.12 percent in November 2013. Suryamin, Head of BPS, said that the price movements of basic needs, including rice and chili, were under control in November, while other components, such as groceries and clothing, in fact recorded deflation. Compared to the month November in previous years, the 0.12 inflation rate is limited. In November 2012, inflation was recorded at 0.34 percent. Indonesia's year-on-year inflation rate now stands at 8.37 percent.
This calender year (January-November 2013), inflation reached 7.79 percent after having accelerated sharply due to the government's decision to raise prices of subsidized fuels in June 2013.
| 2013 | Inflation |
| January | 1.03% |
| February | 0.75% |
| March | 0.63% |
| April | -0.10% |
| May | -0.03% |
| June | 1.03% |
| July | 3.29% |
| August | 1.12% |
| September | -0.35% |
| October | 0.09% |
| November | 0.12% |
| Total | 7.79% |
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
| Inflation (annual percent change) |
9.8 | 4.8 | 5.1 | 5.4 | 4.3 | 7.9¹ |
¹ Year to date (January-November 2013)
Source: Statistics Indonesia
Import-Export October 2013
BPS also released Indonesia's October 2013 import-export figures today. Exports have increased 6.87 percent to USD $15.72 billion from September 2013 (or 2.59 percent year-on-year), while imports rose 1.06 percent to USD $15.67 billion from September 2013 (or 8.90 percent year-on-year). This calender year (January-October 2013), the country's trade deficit now amounts to USD $6.36 billion.
Tomorrow, Indonesia Investments will publish an analysis of Indonesia's November inflation and October trade data.
Further Reading:
• Inflation in Indonesia
• Analysis of Indonesia's October Inflation and September Trade Deficit
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