Indonesia: Inflation in October eases again
November 2, 2015
Consumer prices decreased 0.08% in October over the previous month, which followed the 0.05% decline tallied in September. October’s reading was driven by lower prices for foodstuffs, offsetting modestly higher prices in all other categories.
Inflation eased from 6.8% in September to 6.2% in October. The reading beat market expectations of a decline to 6.4%. Annual average inflation inched up from 6.8% to 6.9%. Meanwhile, the core inflation index, which excludes volatile items such as food and administered prices, increased 0.23% over the previous month (September: +0.44% month-on-month). Annual core inflation decreased from 5.1% to 5.0%.
Author: Carl Kelly, Economist