Indonesia Inflation September 2016

Indonesia

Indonesia: Inflation rises from August's over-six-year low in September

In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August. According to Statistics Indonesia, September’s increase in price pressures came mainly on the back of higher prices for education, recreation and sport as well as for prepared food, beverages, cigarettes and tobacco.

Inflation rose from 2.8% in August to 3.1% in September. August’s result had marked the lowest reading since December 2009. September’s inflation reading came in just above the 3.0% that market analysts had expected. Meanwhile, annual average inflation fell from 4.2% in August to 3.9% in September, a multi-year low. Core consumer prices, which exclude volatile items such as food and administered prices, increased 0.33% over the previous month (August: +0.36% month-on-month). Core inflation eased from August’s 3.3% to 3.2% in September.

The Central Bank’s inflation target for 2016 is 3.0%–5.0%. FocusEconomics Consensus Forecast panelists expect that inflation will average 3.9% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, panelists see inflation averaging 4.5%.


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Indonesia Inflation Chart


Indonesia Inflation September 2016

Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Indonesia (BPS) and FocusEconomics calculations.


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