Indonesia Inflation September 2018


Indonesia: Inflation declines in September

October 1, 2018

Consumer prices fell 0.18% from the previous month in September, following August’s 0.05% decrease. As was the case in the previous month, September’s print largely reflected lower food prices.

Inflation fell from 3.2% in August to 2.9% in September, below market expectations but remaining within the Bank Indonesia target range for 2018 of 3.5% plus or minus 1.0 percentage point, while core inflation ticked down from 2.9% in August to 2.8% in September. Lower price pressures came despite ongoing rupiah weakness.

According to analysts at ING, “food inflation (16.19% of the consumer basket) slowed to 3.75% from 4.9% as timely government rice imports helped to maintain a plentiful supply.”

FocusEconomics Consensus Forecast panelists expect inflation to average 3.5% in 2018 and 3.9% in 2019.

Author:, Economist

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Indonesia Inflation Chart

Indonesia Inflation September 2018

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

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