Indonesia’s headline inflation was 3.23 percent year on year in October, with month on month inflation of 0.45 percent and year to date inflation of 2.48 percent, Statistics Indonesia (BPS) said on Monday. Pipeline pressure runs hotter than the headline: the national wholesale price index stood at 140.26 in October, up 7.00 percent year on year though down 0.88 percent on the month, and producer prices rose 1.50 percent in the third quarter from the second, taking the producer price index from 127.81 to 129.73, up 6.94 percent year on year.
Indonesia’s external position stayed in surplus. Exports reached 27.59 billion dollars in September, up 10.58 percent on the month, against imports of 24.23 billion dollars, up 5.91 percent, leaving a January to September trade surplus of 31.03 billion dollars. The farmers’ terms of trade rose 1.13 percent in October to 132.60, as prices received by farmers rose 1.25 percent against a 0.12 percent rise in prices paid. International visitor arrivals were 1.43 million in September, down 7.33 percent on the month but up 9.24 percent year on year, with star hotel occupancy at 51.78 percent.
Dutch retail turnover was 2.7 percent higher in September than a year earlier, with sales volume up 1.8 percent, Statistics Netherlands said. Non-food turnover rose 4.6 percent, led by recreational goods at almost 8 percent and personal care at almost 6.4 percent, while food sector turnover fell 0.5 percent as supermarket sales dropped 1.0 percent. Online turnover rose 4.5 percent, with pure online retailers up 5.0 percent. The figures are provisional.
Japan’s Ministry of Finance published the November leg of its calendar alongside Monday’s climate transition auction, covered in full today: an announcement of 30 year JGBs to be issued in November and Treasury discount bills to be auctioned on November 9. The Bank of Japan separately listed its timetable for US dollar funds supplying operations from November 2026 to March 2027, part of the standing dollar facility schedule, published its October sources of changes in current account balances and market operations statement, and published the full text of its October Outlook for Economic Activity and Prices, whose basic view was released with the October 30 hold at 1.25 percent and was covered in the October 29 edition.
The Reserve Bank of India published its routine money market operations statements for October 30, October 31 and November 1, the daily record of liquidity operations, with no change of stance signalled. In the United States, Bloomberg noted that mentions of inflation on corporate earnings calls are rising again in an echo of the 2022 shock, an anecdotal gauge that sits alongside the hard price data due through this week, starting with Monday’s ISM manufacturing survey.