Wednesday July 1, 07:48 AM
Indonesia June inflation eases to 3.65 pct y/y
JAKARTA, July 1 (Reuters) - June consumer price index from
Indonesia's Statistics Bureau.
KEY DATA:
CPI CPI
(y/y pct change) (m/m pct change)
June : 3.65 June : 0.11
May : 6.04 May : 0.04
April : 7.31 April : -0.31
March : 7.92 March : 0.22
Feb : 8.60 Feb : 0.21
Jan : 9.17 Jan : -0.07
Dec : 11.06 Dec : -0.04
Nov : 11.68 Nov : 0.12
Oct : 11.77 Oct : 0.45
Sept : 12.14 Sept : 0.97
Aug : 11.85 Aug : 0.51
CONTEXT:
* Analysts in Reuters poll had forecast annual inflation
would fall to 3.8 percent in June from 6.04 percent in May.
* Analysts say that the continued fall in inflation rates
will give the central bank room to cut rates further even though
it has already cut them by a combined 2.5 percentage points to
7.0 percent since December.
* Bank Indonesia Deputy Governor Hartadi Sarwono said on
Monday there was room to cut rates again.
* The central bank has forecast growth in Southeast Asia's
biggest economy will slow sharply this year to 3-4 percent from
6.1 percent last year as it feels the effects of the global
economic slowdown.
* High fuel prices in 2008 means annual price comparisons
with 2009 are showing big declines in the consumer price index.
LINKS:
- Indonesia's statistics bureau:......http://www.bps.go.id
- CPI (NYSE: CPY - news) breakdown...................................
- Stories on Indonesia's economy...........
- Stories on Indonesia's central bank......
(Reporting by Adriana Nina Kusuma; Writing by Sonya Angraini;
Editing by Ed Davies)
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
