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%.