Southeast Asia's Inflation Rate Projected at 1% in 2020

Dimas Jarot Bayu 22/09/2020 11:53 WIB

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The ADB projects Southeast Asia's inflation rate to be 1% in 2020. Meanwhile, Indonesia's inflation rate is projected to be 2% this year.

ADB's 2020 Inflation Projection for Southeast Asia

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ADB's 2020 Inflation Projection for Southeast Asia

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The Asian Development Bank (ADB), in its September 2020 Developing Asia's Outlook report, projected the inflation rate in Southeast Asia at 1%. This projection remained unchanged from its June 2020 forecast.

Meanwhile, the ADB projected Indonesia's 2020 inflation rate at 2%. This projection was maintained from the previous three months due to persistently low domestic consumption. However, inflation from volatile food components remained controlled thanks to effective supply management.

Editor : Muhammad Ahsan Ridhoi

"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."