Indonesia Inflation June 2019

Indonesia

Indonesia: Inflation stays within the target range in June

July 1, 2019

Consumer prices increased 0.55% in June over the previous month, down from May’s 0.68% increase. June’s rise was driven by higher prices for food and clothing.

Inflation was stable at 3.3% in June, remaining within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation rose from 3.1% to 3.3%. Mild inflation could give the Central Bank leeway to reduce the policy rate in the coming months to support the economy amidst external downside risks to growth.

Looking ahead, our panelists see inflation staying comfortably within the target range, with the Consensus projecting average inflation of 3.2% in 2019 and 3.6% in 2020.


Author:, Economist

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Indonesia Inflation Chart


Indonesia Inflation June 2019

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


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