Forbes Indonesia - August 2022
Forbes Indonesia - August 2022
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In this issue
With inflation in the United States and United Kingdom touching 9% and a significant slow-down not expected soon, the Bank of England even forecasting that UK inflation could rise as high as 13% in October this year, further interest rates increases continue to be signalled. Indonesia is not immune with annual inflation hitting 4.94% in July 2022, a seven and a half year high. Food price inflation was reported at 10.47% year on-year and the effects of inflationary pressures saw the Ministry of Transportation approve fare increases for both airlines and online motorcycle hailing services. The Agriculture Ministry also warned of the risk of significant inflation on that ever popular Indonesian stable, noodles, as a result of the global wheat supply disruptions. A recent Bloomberg survey indicates a consensus that inflation will remain high for the rest of the year, with an average forecast of 5%, plus 1% from its last survey, the full year inflation rate averaging 4% up from 3.5% previously.
Forbes Indonesia Magazine Description:
Publisher: PT Wahana Mediatama
Category: Business
Language: English
Frequency: Monthly
Forbes Indonesia is a world-class business magazine of uncompromising quality and scope, providing insights and information to readers critical to their business and inspiring them to greater success
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