
Indonesia's Inflation Hits 3.23% in October, Driven by Food Prices
Indonesia's inflation rate reached 3.23% year-on-year in October, primarily driven by rising prices in the food, beverages, and tobacco sector, according to the Central Statistics Agency (BPS). While within the government's target range, the increase raises concerns for household budgets.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Indonesian CPO Export Policy Triggers Malaysian Market Downturn
Indonesia's reduction in Crude Palm Oil (CPO) reference prices and export levies is exerting downward pressure on Malaysian CPO prices. Declining crude oil prices and concerns over rising inventories are also weighing on the market.
- Foreign Capital Outflows from Key Indonesian Stocks Amid Market Gains
Despite a rise in the Composite Stock Price Index (IHSG) on November 2nd, foreign investors recorded a net sell of approximately Rp 112.4 billion, primarily in key blue-chip stocks, with notable outflows from financial and resource sectors.
- Maxim Launches BikeXL Service with Larger Motorcycles in 24 Indonesian Cities
Online transportation giant Maxim has launched its new BikeXL service, utilizing larger motorcycles for passengers seeking enhanced comfort, in 24 Indonesian cities including Jakarta. The tariff structure differs from regular motorcycle services.
- Indonesia Open to Electricity Exports at 'Right Price': Minister
Indonesia's Minister of Energy and Mineral Resources expressed openness to exporting electricity to the international market, provided domestic supply is stable and the price is 'right.' This move could bolster Indonesia's position as an energy resource nation and drive economic growth.