On Monday (May 2), the Central Statistics Bureau (BPS) reported that Indonesia had recorded 0.45% deflation in April 2016 month-to-month (m/m). Traditionally, Indonesia experiences deflation in April as food prices ease due to the harvest season. This year, however, deflationary pressure was higher than usual as, per 1 April 2016, Indonesia’s premium gasoline and diesel fuel prices were cut by Rp500 per liter, thus curtailing transportation costs. Indonesia’s annual inflation rate now stands at 3.60% (y/y).To subscribe please click here
