Indonesia: Inflation eases further in May
June 1, 2016
In May, consumer prices increased 0.24% over the previous month, which contrasted the 0.45% decrease recorded in April. May’s reading reflected increased prices for foodstuffs and clothing, as well as for transport, communication and financial services.
Inflation was 3.3% in May. The print was below the 3.6% recorded in April and marked the lowest reading since November 2009. The reading was in line with market analysts’ expectations. Meanwhile, annual average inflation fell from 5.6% in April to 5.2% in May. Core consumer prices, which exclude volatile items such as food and administered prices, increased 0.23% over the previous month (April: +0.15% month-on-month). Core inflation remained stable at 3.4% in May.
Author: Christopher Mc Innes, Economist