Indonesia Inflation December 2019

Indonesia

Indonesia: Inflation falls in December

January 2, 2020

Consumer prices increased 0.34% in December over the prior month, up from November’s 0.14% increase. December’s reading was driven by higher prices for food, transport, communication and financial services.

Inflation slipped to 2.7% in December from 3.0% in November, but remained within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point, while core inflation dipped to 3.0% from 3.1%. Under-control inflation should allow Bank Indonesia to maintain a dovish monetary stance and leaves the door open to further rate cuts in order to support growth.

FocusEconomics Consensus Forecast panelists project inflation to average 3.4% in 2020, down 0.1 percentage points from last month’s forecast, and 3.4% again in 2021.


Author:, Economist

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Indonesia Inflation Chart


Indonesia Inflation December 2019

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


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