Indonesia Inflation May 2018


Indonesia: Inflation drops in May

June 4, 2018

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.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.8% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see inflation averaging 4.0%.

Author: Jean-Philippe Pourcelot, Economist

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Indonesia Inflation Chart

Indonesia Inflation May 2018

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

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