JCER: Indonesia Faces High Inflation Risk for the Next Year

Political

Lite

Adi Ahdiat 05/07/2022 14:20 WIB

URL has been copied

Memuat...

According to a survey by the Japan Center for Economic Research (JCER), Indonesia's inflation risk is at a "worrisome" level.

Inflation Risk Outlook for Several Asian Countries in the Next Year (June 2022)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

JCER: Indonesia Faces High Inflation Risk for the Next Year

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Inflation Risk Outlook for Several Asian Countries in the Next Year (June 2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

According to the Japan Center for Economic Research (JCER), inflation is the biggest economic risk facing Asian countries in the next year.

Other risk factors, such as US monetary policy, China's economic slowdown, currency depreciation, and the COVID-19 pandemic, are considered to pose a lower risk to several Asian countries.

This is recorded in a report titled *JCER/Nikkei Consensus Survey on Asian Economies*, released on Monday (4/7/2022). The JCER report is based on a survey of economists in the five largest Southeast Asian countries: Indonesia, Malaysia, the Philippines, Singapore, and Thailand, plus India.

From this survey, JCER assessed that Indonesia faces a high inflation risk in the next year, with a risk score of 78 points on a scale of 0-100. This score places Indonesia in the "alarming" category.

Several other countries face even higher inflation risks: the Philippines with a risk score of 93 points and India with 87 points. Both countries are also classified as "alarming" in terms of inflation.

Meanwhile, Malaysia, Thailand, and Singapore face slightly lower inflation risks, with risk scores ranging from 55-67 points. This places them in the "cautious" category.

"With inflation expected to rise, some banks in Asian countries are raising benchmark interest rates and changing their accommodative monetary policies. Economists predict that interest rate increases in some Asian countries will continue until 2023," wrote JCER in its report.

Similar opinions were expressed by Wisnu Wardana, an economist at Bank Danamon, who was one of the respondents to the JCER survey.

"With rising inflation, Bank Indonesia needs to adjust its interest rate policy in the third quarter of 2022," said Wisnu Wardana in the survey.

(Also read: Indonesia's Annual Inflation Reaches 4.35% in June 2022, Highest in the Last 5 Years)

Editor : Adi Ahdiat

"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."