Indonesia Inflation May 2017

Indonesia

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

June 5, 2017

In May, consumer prices increased 0.39% compared to the previous month, which followed April’s 0.09% increase. The increase was chiefly due to higher prices for foodstuffs.

Inflation came in at 4.3% in May, which was a 14-month high and above April’s 4.2%. Inflation has picked up notably since March due to a hike in electricity tariffs as well as last year’s low base of comparison. Annual average inflation rose to 3.5% from April’s 3.4%. Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.16% month-on-month in May, above April’s 0.13%. Core inflation inched down from 3.3% to 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 4.3%.


Author: Angela Bouzanis, Senior Economist

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Indonesia Inflation May 2017

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


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