Indonesia Inflation

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Indonesia: Inflation eases again in September

October 1, 2015

Consumer prices decreased 0.05% in September over the previous month, which contrasted the 0.39% rise tallied in August. September’s reading was mainly driven by lower prices for foodstuffs and transportation as the Ramadan holiday period came to an end. In contrast, prices in all other categories, including prepared food, beverages and tobacco, as well as housing and utilities tallied modest increases.

Inflation eased from 7.2% in August to 6.8% in September. The reading undershot market expectations of a decline to 7.0%. Annual average inflation increased from 6.6% to 6.8%. Meanwhile, the core inflation index, which excludes volatile items such as food and administered prices, increased 0.44% over the previous month (August: +0.52% month-on-month). Annual core inflation increased from August’s 4.9% to 5.1%.

The Central Bank’s inflation target for 2015 is 3.0%–5.0%. FocusEconomics Consensus Forecast panelists expect that inflation will average 6.5% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, panelists see inflation averaging 4.8%.


Author:, Economist

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Indonesia Inflation Chart


Indonesia Inflation September 2015

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


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