# Gara-gara PPN 11%, Laju Kenaikan Rupiah Terhenti

> The rupiah's gains stalled on March 31, 2022, closing at 14,363 per dollar, as the market reacted to Indonesia's planned rise in VAT to 11% from April 1. Dollar strength also came from hopes of de-escalation in Ukraine, which were tempered by skepticism.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/42582-gara-gara-ppn-11-laju-kenaikan-rupiah-terhenti
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected inflation from the VAT increase may weigh on domestic feed and livestock costs in Indonesia, and dollar-linked import prices stay elevated while the rupiah is weak.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-19 | [Rupiah Tertekan Kenaikan Yield US Treasury, BI Lakukan Ini](https://feedsoft.ai/events/48410-rupiah-tertekan-kenaikan-yield-us-treasury-bi-lakukan-ini.md) | +1.1% | -0.1% |
| DXY | 2019-04-22 | [Kenaikan harga minyak mengancam rupiah](https://feedsoft.ai/events/59876-kenaikan-harga-minyak-mengancam-rupiah.md) | +0.7% | +1.5% |
| DXY | 2022-01-04 | [Rupiah melemah dipicu antisipasi kenaikan suku bunga The Fed - ANTARA News](https://feedsoft.ai/events/43450-rupiah-melemah-dipicu-antisipasi-kenaikan-suku-bunga-the-fed-antara-news.md) | -0.2% | -0.0% |
| DXY | 2018-07-20 | [BI: Kritik Trump terhadap The Fed Lemahkan Rupiah](https://feedsoft.ai/events/64368-bi-kritik-trump-terhadap-the-fed-lemahkan-rupiah.md) | -0.9% | +0.6% |
| DXY | 2021-11-26 | [Rupiah jelang akhir pekan tertekan sentimen tapering global - ANTARA News](https://feedsoft.ai/events/44351-rupiah-jelang-akhir-pekan-tertekan-sentimen-tapering-global-antara-news.md) | -0.2% | -0.6% |

## Sources

- investor.id: https://investor.id/market-and-corporate/288968/garagara-ppn-11-laju-kenaikan-rupiah-terhenti

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.