Indonesia: Inflation rises in November
December 1, 2016
Consumer prices rose 0.47% compared to the previous month in November, an increase from the 0.14% rise recorded in October. According to Statistics Indonesia, this increase was driven by higher prices for food, health, beverages and tobacco, as well as for housing and utilities.
Inflation rose from 3.3% in October to 3.6% in November, beating market expectations by 0.2 percentage points and marking the highest reading in nine months. Annual average inflation dipped slightly from 3.7% in October to 3.6%. Core inflation, which excludes volatile items such as food and administered prices, remained constant at 3.1% in November.
Author: Oliver Reynolds, Economist