Indonesia Inflation March 2017


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%.

FocusEconomics Consensus Forecast panelists expect inflation to average 4.2% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see inflation averaging 4.4%.

Author: Angela Bouzanis, Senior Economist

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Indonesia Inflation Chart

Indonesia Inflation March 2017

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

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