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The current trade war as a result of Trump's tariff policy is not truly global, and we should not be distracted by this from focusing on the real danger the US president poses in terms of democracy, social justice and human dignity the world over.
Statistics Indonesia’s (BPS) latest inflation data for March revealed a lower-than-expected headline inflation rate for the month, the lowest March inflation rate among Southeast Asian countries. The year-on-year (yoy) inflation rate was recorded at 1.03 percent, notably lower than prior projections of 1.17 percent and below Bank Indonesia’s target inflation range of between 1.5 and 3.5 percent.
The government and the central bank are in a tight spot as global uncertainties shrink the room for measures that support growth amid the rupiah depreciation, US tariffs and higher inflation expectations, but an expansionary approach and good policy communication will go a long way toward reducing future risks.
The country’s headline inflation hovered at 1.03 percent year-on-year in March, Statistics Indonesia (BPS) production undersecretary M. Habibullah said in a press conference on Tuesday.
While the government has tried to curb growing worries over the depreciating rupiah, Apindo and economists have pointed to pass-on costs and "double inflationary pressures" as potential scenarios that should be anticipated.
