Wahyu Dwi Anggoro
IDXChannel - Consumer optimism in economic conditions remains solid, according to the latest Consumer Survey conducted by Bank Indonesia (BI) in June 2023, This is reflected by a Consumer Confidence Index (CCI) maintained in the optimistic zone with a reading above 100 at a level of 127.1.
"Consumer optimism in June 2023 was maintained in line with a persistently strong Current Economic Condition Index (CECI) and Consumer Expectation Index (CEI)," BI Communication Department Executive Director Erwin Haryono said in a media release on Monday (10/7/2023)
"The CECI was supported by a stable Current Income Index, while a higher Income Expectation Index contributed to the solid CEI reading," he added.
Meanwhile, inflation continued falling in June 2023, thus returning to the 3.0%±1% target corridor quicker than previously projected.
According to data published by the Central Statistics Agency (BPS), the Consumer Price Index (CPI) recorded 0.14% (mtm) inflation in June 2023, bringing CPI inflation annually down to 3.52% (yoy) from 4.00% (yoy) the month earlier.
