Indonesia: Inflation slows in November
December 3, 2012
In November, consumer prices rose 0.07% over the previous month, which was below the 0.16% increase tallied in October. The reading was driven by higher prices for housing as well as for prepared food, beverages and tobacco prices. On the other hand, prices of foodstuffs fell over the previous month.
Despite the monthly price rise, annual inflation dropped from 4.6% in October to 4.3% in November, which came in below market expectations of 4.6%. Nonetheless, annual average inflation remained stable at 4.2% in November. Meanwhile, the core inflation index, which excludes volatile items such as food and administered prices, increased 0.13% over the previous month, driving annual core inflation down from 4.6% in October to 4.4% in November.