October’s Inflation of 0.28% m-m
In October, Indonesia posted inflation of 0.28% m-m, higher than the deflation of 0.18% m-m in September. Meanwhile, on an annual basis, October’s inflation was 3.16%, higher than September’s inflation of 2.88%. October’s inflation was mainly prompted by the adjustment to prices of non-subsidized petroleum and the hike in prices of foodstuff commodities. In addition, October’s core inflation was at 0.29% m-m, nudging up compared to September of 0.28% m-m.
Possible Trade Progress between the U.S. and China
On Thursday, 11/01/2018/, the U.S. President Donald Trump stated that he had talks with Chinese President Xi Jinping over fears arising from unresolved trade disputes between the U.S. and China. Trump revealed that the talks were productive and moved along nicely, with Chinese President Xi Jinping emphasizing on trade issues. It implied possible trade progress relating trade war tensions between the world’s two largest economies.
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