Inflation in Indonesia
Indonesia - Inflation
Inflation declines further in February
Consumer prices decreased 0.08% in February from the previous month, contrasting January’s 0.32% increase. February’s print was driven by lower food prices.
Inflation dipped to 2.6% in February from 2.8% in January, marking the lowest reading since 2009 but remaining just within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation was unchanged at 3.1%.
Looking ahead, inflation is set to remain subdued thanks to ongoing government measures to control prices. However, our panelists do see an uptick from the current low level later this year, with the Consensus projecting inflation of 3.6% in 2019 and 3.8% in 2020. That said, inflation should stay within the target range. As a result, Bank Indonesia is likely to continue conducting monetary policy largely in response to developments in the external sector, particularly the evolution of the rupiah and the current account deficit.
Indonesia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.4||6.4||6.4||3.5||3.8|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Inflation Chart
Source: Statistics Indonesia.
|Bond Yield||7.72||-0.05 %||Mar 20|
|Exchange Rate||14,185||0.05 %||Mar 20|
|Stock Market||6,483||-0.32 %||Mar 20|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
March 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.3 billion in February, confounding market expectations of a deficit.
March 11, 2019
In January, retail sales grew 7.2% over the same month in the prior year, down slightly from December’s 7.7% figure but beating the Bank’s initial estimate of 4.8%.
March 1, 2019
Conditions in Indonesia’s manufacturing sector largely stagnated in February according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 49.9 in January to 50.1 in February.
March 1, 2019
Consumer prices decreased 0.08% in February from the previous month, contrasting January’s 0.32% increase.
February 21, 2019
At its 20–21 February monetary policy meeting, Bank Indonesia (BI) left the seven-day reverse repo rate at 6.00% for the third consecutive meeting, in line with market expectations.