fxstreet.com 02 Feb, 2021 11:15 am

Inflation expected to pick up in 2021 – UOB

Inflation expected to pick up in 2021 – UOB
Economist at UOB Group Enrico Tanuwidjaja and Haris Handy assess the recent inflation figures in Indonesia and the prospects for the current year. Key

55% y/y in January 2021 from +1.82% y/y in January 2021 from December 2020’s +3.” “Out of 11 inflation baskets by expenditure, the setback of January 2021’s inflation was mainly attributable to slower food inflation of 2.56% y/y in January from +1.

68% in the previous month; as Indonesia continues to see a spike in COVID-19 cases, surpassing 1 million cases and entering the worst period after 330 days into the pandemic.” “As Indonesia continues to see a spike in COVID-19 cases, the central government introduced the new measures in January (enforcement of public activity restrictions or “PPKM”) to restrict activities in hopes of slowing the COVID-19.

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