Indonesia Inflation February 2016

Indonesia

Indonesia: Inflation rises in February

March 9, 2016

Consumer prices decreased 0.09% in February over the previous month, which contrasted the 0.51% rise tallied in January. February’s reading came on the back of lower prices for foodstuffs, as well as for housing, water, electricity and gas.

Inflation picked up from January’s 4.1% to 4.4% in February. The reading was broadly in line with market expectations. Annual average inflation fell from 6.1% to 6.0%. Meanwhile, the core consumer prices, which excludes volatile items such as food and administered prices, increased 0.31% over the previous month (January: +0.29% month-on-month). Core inflation stabilized at January’s 3.6%, which marked the lowest figure in over five years.

The Central Bank’s inflation target for 2016 is 3.0%–5.0%. FocusEconomics Consensus Forecast panelists expect that inflation will average 4.5% in 2016, which is down 0.2 percentage points from last month’s forecast. For 2017, panelists see inflation averaging 4.8%.


Author: Angela Bouzanis, Senior Economist

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Indonesia Inflation February 2016

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


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