Indonesia: Inflation ticks up in July
August 1, 2018
In July, consumer prices increased 0.28% from the previous month, coming in below the 0.59% month-on-month increase observed in June. July’s print reflected higher prices for food, beverages and tobacco. Core consumer prices, which exclude volatile items such as food and administered prices, rose 0.41% over the previous month in July, coming in above June’s 0.24% increase.
Inflation increased from 3.1% in June to 3.2% in July, remaining within the Bank Indonesia target range for 2018 of 3.5% plus or minus 1.0 percentage point. Meanwhile, annual average inflation edged down from 3.5% in June to 3.4% in July. Core inflation rose from 2.7% in June to 2.9% in July.
Author: Oliver Reynolds, Economist