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%.
Author: Carl Kelly, Economist