Indonesia Inflation


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%.

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 Chart

Indonesia Inflation October 2015

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

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