Indonesia: Inflation drops in May
In May, consumer prices increased 0.21% from the previous month, coming in above the 0.10% month-on-month increase observed in April. May’s print reflected higher prices in all seven categories of the index, with prices for clothing recording the sharpest increase.
Inflation decreased from 3.4% in April to 3.2% in May, therefore remaining within the Central Bank’s target range for 2018 of 3.5% plus or minus 1.0 percentage point. Meanwhile, annual average inflation inched down from 3.7% in April to 3.6% in May.
Core consumer prices, which exclude volatile items such as food and administered prices, rose 0.21% over the previous month in May, coming in above April’s 0.15% increase. Core inflation ticked up from 2.6% in April to 2.7% in May.