Indonesia: Inflation increases in June
July 1, 2016
In June, consumer prices increased 0.66% over the previous month, which was higher than the 0.24% increase recorded in May and marked the highest reading in almost a year. June’s reading came on the back of price increases in every product category, with foodstuffs leading the way with the largest increase.
Inflation was 3.5% in June. The print was above the 3.3% recorded in May, which had marked the lowest reading since November 2009. The reading came in just above the 3.4% market analysts had expected. Meanwhile, annual average inflation fell from 5.2% in May to 4.9% in June. Core consumer prices, which exclude volatile items such as food and administered prices, increased 0.33% over the previous month (May: +0.23% month-on-month). Core inflation edged up slightly from May’s 3.4% to 3.5% in June.
Author: Christopher Mc Innes, Economist