Indonesia Inflation April 2017

Indonesia

Indonesia: Inflation jumps to over one-year high in April

May 2, 2017

In April, consumer prices in Indonesia increased 0.09% compared to the previous month, which contrasted March’s 0.02% decrease. The increase was due to higher administered prices, chiefly in the housing, water, electricity, gas and fuel component of the index.

Inflation came in at 4.2% in April, which was a 13-month high and a remarkable pick up from March’s 3.6%. Inflation picked up notably in April due to a hike in electricity tariffs as well as last year’s low base of comparison. Annual average inflation was stable at 3.4%. Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.10% month-on-month in April, matching March’s figure. Core inflation was unchanged at 3.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 4.3% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, panelists also see inflation averaging 4.3%.


Author: Angela Bouzanis, Senior Economist

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Indonesia Inflation Chart


Indonesia Inflation April 2017

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


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