Indonesia: Inflation eases to 3-month low in March
April 3, 2017
In March, consumer prices in Indonesia fell 0.02% compared to the previous month, which contrasted February’s 0.23% increase. According to Statistics Indonesia, the result came chiefly on the back of a fall in food prices. In addition, prices for transportation, communication and financial services recorded a modest drop.
Inflation eased from February’s 10-month high of 3.8% to 3.6% in March. Annual average inflation was stable at 3.4%. Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.10% month-on-month in March (February: +0.37% mom). Core inflation inched down from 3.4% to 3.3%.