In May, consumer prices rose 0.07% over the previous month, which was less than the 0.21% increase tallied in April. The reading mainly reflected how higher prices for beverages and tobacco as well as for housing were mostly offset by lower prices for food. As a result of the subdued monthly price increase, annual inflation remained unchanged at April's 4.5%, which was below market expectations that had inflation inching up to 4.6%. Annual average inflation, however, edged down from 4.5% in April to 4.3% in May. Meanwhile, the core inflation index, which excludes volatile items such as food and administered prices, increased 0.18% over the previous month, driving annual core inflation down to 4.1% in May. The Central Bank has an inflation target of 4.5% plus/minus 1% for 2012 and 2013.
Inflation remains steady in May
June 1, 2012
Looking for forecasts related to Inflation in Indonesia? Download a sample report now.
Indonesia Inflation Chart
Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Indonesia (BPS) and FocusEconomics calculations.
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
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.
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
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%.