Indonesia Inflation April 2019

Indonesia

Indonesia: Inflation rises in April

May 2, 2019

Consumer prices increased 0.44% in April over the previous month, up from March’s 0.11% increase. April’s print was driven by higher food prices.

Inflation rose from March’s multi-year low of 2.5% to 2.8% in April, moving further within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation ticked up from 3.0% to 3.1%.

Looking ahead, our panelists see a further uptick in inflation through the rest of the year, with the Consensus projecting average inflation of 3.4% in 2019 and 3.7% in 2020. That said, inflation should stay comfortably within the target range, suppressed by government measures to control prices and a more stable exchange rate. As a result, Bank Indonesia is likely to continue conducting monetary policy largely in response to external developments.


Author:, Economist

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Indonesia Inflation April 2019

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


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