Indonesia Inflation June 2018

Indonesia

Indonesia: Inflation falls in June

July 2, 2018

In June, consumer prices increased 0.59% from the previous month, coming in above the 0.21% month-on-month increase observed in May. June’s print reflected higher prices in six of the seven categories of the index, with prices for transportation recording the sharpest increase. Prices for education, recreation and sport remained unchanged.

Inflation decreased from 3.2% in May to 3.1% in June, remaining within the Bank Indonesia target range for 2018 of 3.5% plus or minus 1.0 percentage point. Meanwhile, annual average inflation edged down from 3.6% in May to 3.5% in June.

Core consumer prices, which exclude volatile items such as food and administered prices, rose 0.24% over the previous month in June, coming in above May’s 0.21% increase. Core inflation was unchanged at 2.7% in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.6% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see inflation averaging 3.9%.


Author: Jean-Philippe Pourcelot, Economist

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Indonesia Inflation June 2018

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


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