United States Producer Price Inflation Jumped in Jul-25

RESEARCH REPORT
CNMA – Off the Peak, Still Rolling
• Strong Rebound in 2Q25, Earnings below Expectations
• Local movies continue drive audience engagement
• Reiterate BUY with TP of IDR190/sh
(Please refer to our report here)



MACROECONOMY
United States Producer Price Inflation Jumped in Jul-25

US PPI rose +0.9% MoM in Jul-25 (vs Jun-25; 0.0%; consensus: +0.2%), marking the largest monthly increase since Jun-22. The jump was driven by services (+1.1% MoM), led by machinery and equipment wholesaling (+3.8%), portfolio management, investment advice, travel accommodation, autos retailing, and freight transportation. Core PPI also rose +0.9% MoM (consensus: +0.2%). On a YoY basis, headline PPI accelerated to +3.3% (Jun-25; +2.5%), while core PPI rose to +3.7% (Jun-25; +2.6%). (Trading Economics)


INDUSTRY
Indonesia’s Installed Power Capacity Rose 4.4 GW in 1H25
Indonesia’s installed power capacity reached 105 GW in 1H25, up 4.4 GW from 2024, driven by COD of new plants. Renewable energy capacity rose 876.5 MW (+15% YoY) to 15.2 GW, accounting for 14.5% of total capacity. Additions included PLTP 105.2 MW, PLTA 492 MW, PLTM 8.2 MW, PLTS 233.3 MW, and PLTBm 37.8 MW. (Emitennews)
 

 

COMPANY
Surge (WIFI) Joined 1.4 GHz Frequency Auction via Telemedia Komunikasi Pratama
WIFI participated in the Ministry of Communication and Digital’s 1.4 GHz frequency auction through PT Telemedia Komunikasi Pratama, acquired from YELO in Jun-25 for IDR 20.6 bn. Telemedia is among seven telecom operators granted e-Auction accounts and eligible to download selection documents until 20 Aug-25. (Bisnis)