Indonesia: Inflation edges up in March but remains well within the Central Bank's target
April 3, 2018
In March, consumer prices increased 0.20% compared to the previous month, which was slightly above February’s 0.17% month-on-month rise. The increase was largely driven by higher administered and food prices. Inflation edged up from February’s 3.2% to 3.4% in March. The result nevertheless remained well within the Central Bank’s target range for 2018 of 3.5% plus or minus 1.0 percentage point.
Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.19% month-on-month in March, slightly below February’s 0.26% increase. Core inflation inched up from 2.6% in February to 2.7%.
Indonesia Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 3.8% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see inflation averaging 4.0%.