Indonesia Inflation January 2017


Indonesia: Inflation climbs in January

February 1, 2017

In January, consumer prices in Indonesia rose 0.97% compared to the previous month, up from December’s 0.42% increase. According to Statistics Indonesia, higher prices were recorded for food and beverages, as well as tobacco products.

Inflation climbed from 3.0% in December to 3.5% in January, besting market expectations by roughly 0.4 percentage points. January’s result was the highest inflation reading in nine months. Annual average inflation was unchanged from a month earlier at 3.5%. Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.56% month-on-month in January, the highest reading since December 2014. Core inflation rose to 3.4% from 3.1% a month earlier.

The Central Bank’s inflation target for 2017 is 3.0%–5.0%. FocusEconomics Consensus Forecast panelists expect inflation to average 4.2% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see inflation averaging 4.4%.

Author:, Economist

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Indonesia Inflation Chart

Indonesia Inflation January 2017

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

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