Indonesia: Inflation rises in October
November 1, 2016
In October, consumer prices increased 0.14% from the previous month, which followed the 0.22% rise recorded in September. According to Statistics Indonesia, the highest price pressures came from housing, water, electricity and gas as well as for prepared food, beverages, cigarettes and tobacco.
Inflation rose from 3.1% in September to 3.3% in October, which met market analysts’ expectations. Annual average inflation fell from 3.9% in September to 3.7%, a multi-year low. Core consumer prices, which exclude volatile items such as food and administered prices, increased 0.10% over the previous month (September: +0.33% month-on-month). Core inflation eased from September’s 3.2% to 3.1% in October.