Indonesia: Poverty in Indonesia: 10.86% of Indonesians is Poor (March 2016)

Indonesia: Poverty in Indonesia: 10.86% of Indonesians is Poor (March 2016)

Mon, 18 July 2016 – According to the latest data from Statistics Indonesia (BPS) there were 28.01 million Indonesians living below the poverty line in March 2016, or 10.86 percent of the total Indonesian population. This is an improvement from September 2015 when Indonesia’s poverty figure stood at 11.13 percent, or 28.51 million in absolute terms. Indonesia’s central statistics agency releases the nation’s poverty figures twice per year, covering the months March and September.

Poverty in Indonesia slightly eased on the back of low inflation. After two years of high inflation (in 2013 and 2014 Indonesia’s inflation accelerated to 8.4 percent year-on-year due to the government’s fuel subsidy reforms) the nation’s consumer price index eased to 3.45 percent (y/y) in June 2016. In the period September 2015 to March 2016 Indonesia’s inflation was recorded at 1.71 percent (y/y). Read More?