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View all search resultsIndonesia recorded a monthly deflation of 0.12 percent in September, marking the fifth consecutive month of deflation in 2024 and the sharpest decline in the last five years of President Joko “Jokowi” Widodo’s administration. This trend unfolded despite Bank Indonesia’s mid-September decision to cut its benchmark interest rate by 25 basis points to 6 percent.
China slipped into deflation as consumer prices contracted last month for the first time in more than two years, official data showed Wednesday, as slowing domestic spending weighs on the country's post-COVID economic recovery.
Statistics Indonesia (BPS) reported a drop in consumer prices in June, reversing part of the seasonal increase seen in May. On an annual basis, the consumer price index (CPI) was up 1.33 percent, lower than a month earlier and below estimates.
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