Indonesia: Inflation rises from six-year low in January
February 4, 2016
Consumer prices increased 0.51% in January over the previous month, which was much weaker than the 0.96% rise tallied in December. January’s reading came on the back of large increases in prices for foodstuffs, while prices for transportation, communication and financial services decreased notably.
Inflation picked up from December’s 3.4%, which had marked the lowest reading in six years, to 4.1% in January. The reading was slightly above market expectations of 3.8%. Annual average inflation fell from 6.4% to 6.1%. Meanwhile, the core consumer prices, which excludes volatile items such as food and administered prices, increased 0.29% over the previous month (December: +0.23% month-on-month). Core inflation decreased from 4.0% in December to 3.6% in January, which marked the lowest figure in over five years.