Indonesia's inflation dipped to 5.57%

Highest increase on property and fuel group.

According to Maybank Kim Eng, the month of April saw a deflation of 0.1%, bringing yearly inflation to 5.57%, down from 5.90% a month earlier. 

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The deflation was contributed by falling price level at food stuff (-0.80%) and clothing (-1.13%). Other group reported inflation, with the highest increase reported at the housing, water, electricity, and fuel group (0.41%).

Core inflation also decelerated, with April reading of 4.12% compared to 4.21% in March. Indonesia’s export was flat on a monthly basis in March 2013 at USD15.0b, with oil and gas export surged 13% MoM while non oil and gas export declined by 3% MoM. This brings 1Q13 export to USD45.4b, 6% YoY lower compared to corresponding figure last year. 

Indonesia had a trade surplus in March, as import came at USD14.7b, a marked decline (-4% MoM) from February figure due to the decline in non oil and gas import (-6% MoM). 1Q13 import was down 0.6% YoY to USD45.5b, but oil and gas import during the period actually climbed by 8% YoY to USD11.3b.