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.
Author: Carl Kelly, Economist