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.