Indonesia: Inflation eases in December
January 3, 2017
Consumer prices rose 0.42% compared to the previous month in December, down from the 0.47% rise recorded in November. According to Statistics Indonesia, higher prices were recorded for food, health, beverages and tobacco, as well as for health services.
Inflation fell from 3.6% in November to 3.0% in December, beating market expectations by 0.1 percentage points. December’s result was the lowest inflation in six years. For 2016, inflation averaged 3.5%, a notch below 2015’s average of 3.6%. Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.23% month-on-month in December (November: + 0.15% mom). Core inflation remained constant at 3.1% in December.