Insight

Record Low Inflation Signals Much Needed Stimulus

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Algo Research Team

Economics | Dec 02, 2024 | Views: 255

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Key Summary:

  • Lowest inflation reading since 2021
  • Demand is weak, but prices are higher
  • Household expansionary stimulus is needed

Indonesia posted a +1.55% YoY (+0.3% MoM) inflation in November 2024, marking the lowest reading since July 2021 and three consecutive months of <2% growth.


The details: The headline inflation rate of +0.3% MoM/+1.55% YoY was slightly higher than consensus estimates of +0.23% MoM/+1.5% YoY.

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