Indonesia Inflation November 2018

Indonesia

Indonesia: Inflation unchanged in November

December 3, 2018

Consumer prices increased 0.27% in November from the previous month, almost matching October’s 0.28% increase. November’s print was driven by higher prices in the food; transport, communication and financial services; and housing, water and energy sub-sectors.

Inflation was stable at 3.2% in October, matching market expectations and remaining within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation ticked up from 2.9% in October to 3.0% in November. The overall picture is little changed; inflation is subdued, dampened by government price controls and despite the weaker rupiah.

Indonesia Inflation Forecast


FocusEconomics Consensus Forecast panelists expect inflation to average 3.9% in 2019 and 4.1% in 2020.


Author:, Economist

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Indonesia Inflation Chart


Indonesia Inflation November 2018 0

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


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