Indonesia’s annual inflation rate decelerated further in January, according to the latest data published by Statistics Indonesia on Monday. Indonesian January’s annual inflation rate dropped to 2.68% on the year, compared with December’s 2.72% and 2.86% expectations but remained between the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 2.68% vs. 3.02% previous and 3.00% expected. Meanwhile, the monthly inflation reading for January came in at 0.39% vs. 0.46% expected and 0.34% last. 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 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). FX Implications The USD/IDR cross keeps its range near a thirteen-day high of 13,730 on the data release, up 0.59% on the day. The Indonesian Rupiah remains pressured by the downbeat Indonesian inflation figures. 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 Oil: Q1 2020 price forecast cut by $15/ barrel – Citibank FX Street 2 years Indonesia’s annual inflation rate decelerated further in January, according to the latest data published by Statistics Indonesia on Monday. Indonesian January’s annual inflation rate dropped to 2.68% on the year, compared with December’s 2.72% and 2.86% expectations but remained between the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 2.68% vs. 3.02% previous and 3.00% expected. Meanwhile, the monthly inflation reading for January came in at 0.39% vs. 0.46% expected and 0.34% last. 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… Regulated 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.
