Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
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Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
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Thailand Inflation Remains Negative for 10th Straight Month in January 
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Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Indonesia’s Inflation Trends: Headline Eases, Core Inflation Surges
October Inflation Overview
Indonesia's headline inflation rate eased to 1.71% in October, down from 1.84% in September. This rate aligns closely with analysts' forecast of 1.68% from a recent Reuters poll. It marks the lowest rate since October 2021, signaling some cooling in broader inflation trends.
Rising Core Inflation Reflects Demand Pressures
Despite the overall dip in headline inflation, core inflation—which excludes volatile food and government-regulated prices—jumped to 2.21% in October, up from 2.09% in September. This core inflation rate is the highest recorded since July 2023, defying analysts’ expectations for a stable figure and indicating increased demand pressures.
Bank Indonesia's Policy Outlook
The headline inflation rate remains within Bank Indonesia’s (BI) target range of 1.5% to 3.5%. Although BI lacks a specific target for core inflation, it considers core inflation trends in shaping monetary policy. Following an interest rate cut in September, BI Governor Perry Warjiyo has hinted at the potential for further cuts if inflation remains controlled, with the timing largely influenced by global economic conditions.
Outlook for 2025
BI anticipates maintaining low inflation through 2025. However, the recent rise in core inflation could signal a need for cautious policy adjustments in response to global market dynamics and domestic demand trends.
