Indonesia Inflation June 2017

Indonesia

Indonesia: Inflation rises to over one-year high in June

July 3, 2017

In June, consumer prices increased 0.69% compared to the previous month, which followed May’s 0.39% increase. The rise was chiefly due to higher prices for foodstuffs, clothing and housing, water, electricity gas and fuel.

Inflation came in at 4.4% in June, which was the highest reading since March 2016 (May: 4.3%). Inflation has picked up notably in recent months due to a hike in electricity tariffs as well as last year’s low base of comparison. Annual average inflation rose to 3.6% from May’s 3.5%. Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.26% month-on-month in June, above May’s 0.16%. Core inflation inched down to 3.1% from 3.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 4.3% in 2017, which is unchanged from last month’s forecast. For 2018, panelists also see inflation averaging 4.2%.


Author: Angela Bouzanis, Senior Economist

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Indonesia Inflation June 2017

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


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