New data Inflation Rate YoY (Oct)

11/1/2024

actual 1.71, previous 1.84

The event is the release of the Inflation Rate Year-on-Year (YoY) for Indonesia in October. The actual inflation rate reported was 1.71%, which was slightly lower than the market estimate of 1.7%. This indicates a slight decrease in the general price level of goods and services compared to the previous month. The previous inflation rate was 1.84%, so there was a decrease of 0.13 percentage points.

This event is considered to have a medium impact on the Indonesian economy and the IDR currency. A lower inflation rate can have various implications for the economy, such as affecting consumer purchasing power, interest rates, and overall economic growth. The slight decrease in inflation may influence the central bank's monetary policy decisions in the future.

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