Indonesia Inflation


Inflation stabilizes in December

In December, consumer prices rose 0.54% over the previous month, which was above the 0.07% increase tallied in November. The reading was driven by higher prices for foodstuffs as well as for housing.

Despite the monthly price rise, annual inflation stabilized at November's 4.3%, which came in slightly above market expectations of 4.2%. Annual average inflation closed 2012 at 4.3%, below the 5.4% observed in 2011.

Meanwhile, the core inflation index, which excludes volatile items such as food and administered prices, increased 0.28% over the previous month, while annual core inflation remained unchanged at 4.4% in December.

The Central Bank has an inflation target of 4.5% plus/minus 1.0 percentage points for 2013 and 2014.


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Indonesia Inflation Chart

Indonesia Inflation December 2012

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

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