Indonesia Inflation July 2019

Indonesia

Indonesia: Inflation stays within the target range in July

August 1, 2019

Consumer prices increased 0.31% over the prior month in July, down from June’s 0.55% uptick, and driven by higher prices for food and clothing.

Inflation was stable at 3.3% in July, remaining within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point, while core inflation dipped from 3.3% to 3.2%. Low oil prices have helped contain price pressures in recent months. Looking ahead, inflation is seeing remaining comfortably within the target range, which could give the Central Bank leeway to continue loosening its stance—providing the rupiah evolves favorably—to support the economy.

FocusEconomics Consensus Forecast panelists project inflation to average 3.2% in 2019 and 3.6% in 2020.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Indonesia? Download a sample report now.

Download

Indonesia Inflation Chart


Indonesia Inflation July 2019

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


Indonesia Economic News

More news

Search form