Indonesia’s annual inflation rate eased in February, to the latest data published by Statistics Indonesia showed on Monday.
Indonesian February’s inflation rate dropped to 1.38% on the year, compared with January’s 1.55% and 1.38% expectations, remaining way below the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 1.50% vs. 1.56% previous and 1.52% expected.
Meanwhile, the monthly inflation reading for February came in at +0.10% vs. +0.09% expected and +0.26% last.
USD/IDR reaction
more to come ….
About Indonesia’s CPI
The Inflation index released by the Statistics Indonesia is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of the Indonesian Rupiah is dragged down by inflation. The CPI is used as a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the Rupiah, while a low reading is seen as negative (or Bearish).
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