Is Indonesian Inflation High?

Economics & Macro

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06/12/2017 09:44 WIB

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Annual Inflation Rate of Several Countries, October 2017

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Annual Inflation Rate of Several Countries, October 2017

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Indonesia's inflation rate in October 2017 was 3.58 percent compared to October of the previous year. This figure is lower than the inflation rates of South Africa, Pakistan, and Malaysia, but higher than those of Singapore, China, and the Philippines.

Government policies to control prices successfully managed inflation, keeping it within the 2017 Revised State Budget target of 4.3 percent. Government efforts to suppress the price of one-price fuel, the implementation of the Highest Retail Price (HET) for several basic commodities, successful market operations, and the avoidance of subsidized fuel price increases, all helped to dampen price volatility in the market.

For information, the calendar year (January-November) 2017 inflation rate was 2.87 percent compared to the same period the previous year. Meanwhile, the annual inflation rate was 3.3 percent.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Is Indonesian Inflation High?

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