"Steady retail sales grow positively supported by sales on Parts and Accessory Groups, as well as Other Household Equipment Groups," Bank Indonesia (BI) said in a written statement released on Wednesday, November 6, 2019.
In October 2019, retailers expected sales growth to regain momentum. It is indicative of the IPR of October 2019 which is projected to grow by 2.9 percent (YoY).
he increase was driven by increased sales in Parts and Accessory Groups, Information Equipment Groups and Communications, as well as Food, Beverage and Tobacco Groups.
The survey also indicated that price increases in the retail merchant level in the next three months are likely to increase.
This is reflected in the upcoming 3-month Price Expectations Index (PEI) of 153.1, higher compared to IEH in the previous month at 140.0