Indonesia Inflation

Indonesia

Indonesia: Inflation picks up in March

April 1, 2015

Consumer prices increased 0.17% in March over the previous month, which contrasted the 0.36% drop tallied in February. March’s reading was driven by an increase in prices for transportation and communication services, as well as for food, beverages, and tobacco.

Annual inflation ticked up from 6.3% in February to 6.4% in March. The reading was in line with market expectations. Annual average inflation inched down from 6.2% in February to 6.1% in March. Meanwhile, the core inflation index, which excludes volatile items such as food and administered prices, increased 0.29% over the previous month (February: +0.34% month-on-month). Annual core inflation held steady at 5.0% for the third consecutive month.

The Central Bank’s inflation target for 2015 is 3.0%–5.0%. FocusEconomics Consensus Forecast panelists expect that inflation will average 6.5% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, panelists see inflation averaging 4.8%.


Author:, Economist

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Indonesia Inflation Chart


Indonesia Inflation March 2015

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


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