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: Oliver Reynolds, Economist