In October, consumer prices rose 0.16% over the previous month, which was above the 0.01% increase tallied in September. The reading mainly reflected a rise in housing as well as in prepared food, beverages and tobacco prices. As a result of the monthly price rise, annual inflation increased from 4.3% in September to 4.6% in October, which came in line with market expectations but represents the highest rate of inflation since September 2011. Nonetheless, annual average inflation remained stable at 4.2% in October. Meanwhile, the core inflation index, which excludes volatile items such as food and administered prices, increased 0.34% over the previous month, driving annual core inflation up from 4.1% in September to 4.6% in October.
Inflation edges up to a 13-month high in October
November 1, 2012
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Indonesia Inflation Chart
Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Indonesia (BPS) and FocusEconomics calculations.
Indonesia Economic News
October 20, 2016
At its 19–20 October monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.00% to 4.75%.
October 17, 2016
Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
October 12, 2016
Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.4 in August to 50.9 in September, according to a release provided by Nikkei and IHS Markit.