Indonesia Inflation April 2018


Indonesia: Inflation steady in April

May 7, 2018

In April, consumer prices increased 0.10% from the previous month, down from the 0.20% month-on-month increase in March. April’s print reflected a drop in the prices of food products, which partially offset higher prices for clothing; health; and processed foods, beverages, cigarettes and tobacco.

Inflation remained steady in April at the 3.4% print recorded in March. It therefore remained within the Central Bank’s target range for 2018 of 3.5% plus or minus 1.0 percentage point. Meanwhile, annual average inflation was unchanged at 3.7% in April.

Core consumer prices, which exclude volatile items such as food and administered prices, rose 0.15% month-on-month in April, down from March’s 0.19% increase. Core inflation remained at 2.7% in April.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.8% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see inflation averaging 4.0%.

Author: Jean-Philippe Pourcelot, Economist

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Indonesia Inflation Chart

Indonesia Inflation April 2018

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

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