Indonesia Inflation April 2016

Indonesia

Indonesia: Inflation eases in April

May 2, 2016

In April, consumer prices decreased 0.45% over the previous month, which contrasted the 0.19% increase recorded in March. April’s reading reflected falling prices for transport, communication and financial services, as well as for foodstuffs.

Inflation was at 3.6% in April, coming down from the 4.4% recorded in March and marking the lowest reading since December. The reading was slightly lower than market analysts’ expectations of 3.8%. Meanwhile, annual average inflation fell from 5.8% in March to 5.6% in April. Core consumer prices, which excludes volatile items such as food and administered prices, increased 0.15% over the previous month (March: +0.21% month-on-month). While core inflation inched down from 3.5% in March to 3.4% in April, which marked the lowest figure in over five years.

The Central Bank’s inflation target for 2016 is 3.0%–5.0%. FocusEconomics Consensus Forecast panelists expect that inflation will average 4.4% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, panelists see inflation averaging 4.8%.


Author: Angela Bouzanis, Senior Economist

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Indonesia Inflation Chart


Indonesia Inflation April 2016

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


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