In November, consumer prices increased 0.34% over the previous month, which contrasted the 0.12% decrease recorded in October. Food prices, which have the biggest weight in the consumer price index, increased 0.59% and had the biggest impact on the reading. In addition, clothing prices added 1.36% over the previous month. Annual inflation decelerated for a third consecutive month from 4.4% in October to 4.2% in November, which was in line with market expectations. Annual average inflation also moderated from 5.8% in October to 5.6% in November. Inflation has been moderating since January, with the exception of a seasonal spike in August, thereby giving Bank Indonesia leeway for adopting a more accommodating monetary policy. The Central Bank has an inflation target of 5.0% 1% for this year and 4.5% 1% for 2012.
Inflation eases for third straight month in November
December 1, 2011
Looking for forecasts related to Inflation in Indonesia? Download a sample report now.
Indonesia Economic News
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.
September 22, 2016
At its 21–22 September monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.25% to 5.00%.