Indonesia: Inflation rises to 10-month high in February
March 1, 2017
In February, consumer prices rose 0.23% compared to the previous month, which was below January’s 0.97% increase. According to Statistics Indonesia, the largest increase in prices was recorded for housing, water, electricity, gas and fuel while food prices fell.
Inflation climbed from 3.5% in January to 3.8% in February, surpassing market expectations by 0.4 percentage points. February’s result was the highest inflation reading since March 2016. Annual average inflation inched down from 3.5% in January to 3.4%. Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.37% month-on-month in February (January: +0.56% mom). Core inflation was stable at January’s 3.4%.