UOB Group’s Economist Enrico Tanuwidjaja and Haris Handy reviewed the latest inflation figures in Indonesia. Key Quotes “Inflation print for July 2020 eased to 1.54% y/y vis-à-vis June’s 1.96%, as consumption remained sluggish amidst the COVID-19 pandemic. This also marked the first monthly deflation (at -0.1% m/m) seen in 2020. Core inflation slowed to 2.07% y/y in July vs. June’s 2.26%, while volatile inflation dipped to 0.35% y/y in July vs. 2.32% a month earlier.” “Although large scale social restriction (“Pembatasan Sosial Berskala Besar” – PSBB) has eased in July, consumer spending remains low. Out of 90 cities, 61 cities experienced monthly deflation, which occured mostly in Java and Sumatera region.” “Going forward, we expect the headline inflation to remain under control. Basic needs remain as top priority as consumers are still hesitant to purchase non-essential goods. The central government and regional administrations are expected to maintain the price stability. Overall, with inflation likely to stay around the lower end of the government’s 2.0-4.0% inflation target.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Brent Oil to end third quarter at $36 – MUFG FX Street 2 years UOB Group’s Economist Enrico Tanuwidjaja and Haris Handy reviewed the latest inflation figures in Indonesia. Key Quotes “Inflation print for July 2020 eased to 1.54% y/y vis-à-vis June’s 1.96%, as consumption remained sluggish amidst the COVID-19 pandemic. This also marked the first monthly deflation (at -0.1% m/m) seen in 2020. Core inflation slowed to 2.07% y/y in July vs. June’s 2.26%, while volatile inflation dipped to 0.35% y/y in July vs. 2.32% a month earlier.” “Although large scale social restriction (“Pembatasan Sosial Berskala Besar” – PSBB) has eased in July, consumer spending remains low. Out of 90 cities, 61 cities… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
