Institute for Economic and Social Research – Faculty of Economics and Business – Universitas Indonesia

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Rice Prices Surge, Inflation Rises! Macro Analysis Series, BI Board of Governor Meeting, November 2023.

Disruption in rice production due to the El Nino phenomenon resulted in an increase in inflation in October 2023, albeit not significantly, with the overall inflation recorded at 2.56% (y.o.y), within the BI’s target range. The trade balance in October showed an increased surplus of USD 3.48 billion, supported by a moderate decline in both […]


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