Indonesia Inflation December 2018


Indonesia: Inflation dips in December

January 2, 2019

Consumer prices increased 0.62% in December from the previous month, up from November’s 0.27% increase. December’s print was driven by higher prices in the food; and transport, communication and financial services subsectors.

Inflation dipped to 3.1% from 3.2% in November, slightly above market expectations and remaining within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation ticked up from 3.0% in November to 3.1% in December.

Looking ahead, inflation is set to remain fairly subdued and comfortably within the target range, with FocusEconomics Consensus Forecast panelists expecting inflation to average 3.8% in 2019 and 4.0% in 2020. As a result, Bank Indonesia is likely to continue conducting monetary policy in response to developments in the external sector, particularly the evolution of the rupiah and the current account deficit.

Author:, Economist

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Indonesia Inflation Chart

Indonesia Inflation December 2018

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

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