Indonesia Inflation July 2017


Indonesia: Inflation softens in July

August 1, 2017

In July, consumer prices increased 0.22% compared to the previous month, which was below June’s 0.69% increase. Higher prices were recorded for nearly all of the index’s subcomponents with the notable exception of transportation, communication and financial services.

Inflation eased from June’s over-one-year high of 4.4% to 3.9% in July. Annual average inflation was stable at June’s 3.6%. Meanwhile, core consumer prices, which exclude volatile items such as food and administered prices, rose 0.26% month-on-month in July, mirroring June’s reading. Core inflation was also stable at 3.1%.

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 Chart

Indonesia Inflation July 2017

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

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