Indonesia Inflation May 2019

Indonesia

Indonesia: Inflation picks up markedly in May

June 10, 2019

Consumer prices increased 0.68% in May over the previous month, up from April’s 0.44% increase. May’s print was driven by higher food prices, linked to Ramadan.

Inflation rose from 2.8% in April to 3.3% in May, the highest reading in 13 months and moving further within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation was stable at 3.1%.

Looking ahead, our panelists see inflation staying comfortably within the target range, with the Consensus projecting average inflation of 3.3% in 2019 and 3.7% in 2020. A new FocusEconomics Consensus Forecast report will be published on 18 June.


Author:, Economist

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Indonesia Inflation Chart


Indonesia Inflation May 2019

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


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