Indonesia Inflation August 2017

Indonesia

Indonesia: Inflation softens in August

September 4, 2017

In August, consumer prices decreased 0.07% compared to the previous month, which contrasted July’s 0.22% increase. Chiefly behind the fall was lower prices for foodstuffs.

Inflation eased from July’s 3.9% to 3.8% in August, a five-month low. Annual average inflation inched up from July’s 3.6% to 3.7%. Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.28% month-on-month in August, slightly above July’s 0.26% growth. Core inflation inched down from 3.1% to 3.0% in August.

FocusEconomics Consensus Forecast panelists expect inflation to average 4.2% 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 August 2017

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


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