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.
Author: Christopher Thomas, Economist