Indonesia Inflation

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Indonesia: Inflation falls in November to lowest level in 13 months

December 1, 2015

Consumer prices increased 0.21% in November over the previous month, which contrasted the 0.08% decline tallied in October. November’s reading was mainly driven by higher prices for foodstuffs as well as for prepared foods, beverages and tobacco.

Inflation slumped from 6.2% in October to 4.9% in November, which marked the lowest reading in over a year. The reading was in line with market expectations. Annual average inflation inched down from 6.9% to 6.8%. Meanwhile, the core inflation index, which excludes volatile items such as food and administered prices, increased 0.16% over the previous month (October: +0.23% month-on-month). Annual core inflation decreased from 5.0% to 4.8%.

The Central Bank’s inflation target for 2015 is 3.0%–5.0%. FocusEconomics Consensus Forecast panelists expect that inflation will average 6.6% in 2015, which is unchanged from last month’s forecast. For 2016, panelists see inflation averaging 5.3%, which is up 0.1 percentage points from last month’s estimate.


Author:, Economist

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Indonesia Inflation November 2015

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


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