Indonesia Inflation November 2016

Indonesia

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.

The Central Bank’s inflation target for 2016 is 3.0%–5.0%. FocusEconomics Consensus Forecast panelists expect inflation to average 4.3% in 2016, which is unchanged from last month’s forecast. For 2017, panelists see inflation averaging 4.5%, which is up 0.3 percentage points from last month’s estimate.


Author:, Economist

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Indonesia Inflation November 2016

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


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