Indonesia: Inflation edges up to a 13-month high in October
November 1, 2012
In October, consumer prices rose 0.16% over the previous month, which was above the 0.01% increase tallied in September. The reading mainly reflected a rise in housing as well as in prepared food, beverages and tobacco prices. As a result of the monthly price rise, annual inflation increased from 4.3% in September to 4.6% in October, which came in line with market expectations but represents the highest rate of inflation since September 2011. Nonetheless, annual average inflation remained stable at 4.2% in October. Meanwhile, the core inflation index, which excludes volatile items such as food and administered prices, increased 0.34% over the previous month, driving annual core inflation up from 4.1% in September to 4.6% in October.