Consumer Price Index Indonesia; June 2020 Inflation at Lowest in Two Decades
In June 2020 the novel coronavirus (COVID-19) pandemic continued to undermine business activity and consumer demand across Indonesia, hence triggering very low inflation, namely 0.18 percent month-on-month (m/m).
Indonesia’s June 2020 inflation rate is the country’s lowest monthly rate since 2000 when Indonesia was recovering from the Asian Financial Crisis in 1997-1998, one of the biggest crises the country ever had to face. Considering various macroeconomic data (such as inflation, household consumption, manufacturing activity and credit growth) are approaching levels at which they were amid the Asian Financial Crisis, it shows just how big this ongoing COVID-19 crisis it.
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Poll Indonesia Investments:
According to you at what pace will the Indonesian economy grow in 2020?
Voting possible: -
Results
- Lower than 0.0% (26.8%)
- Higher than 2.0% (17.9%)
- 0.5% - 1.0% (15.9%)
- 0.0% - 0.5% (15.8%)
- 1.0% - 1.5% (11.8%)
- 1.5% - 2.0% (11.8%)
Total amount of votes: 1025