Inflation in Indonesia
Indonesia - Inflation
Inflation dips in December
Consumer prices increased 0.62% in December from the previous month, up from November’s 0.27% increase. December’s print was driven by higher prices in the food; and transport, communication and financial services subsectors.
Inflation dipped to 3.1% from 3.2% in November, slightly above 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 3.0% in November to 3.1% in December.
Looking ahead, inflation is set to remain fairly subdued and comfortably within the target range, with FocusEconomics Consensus Forecast panelists expecting inflation to average 3.8% in 2019 and 4.0% in 2020. As a result, Bank Indonesia is likely to continue conducting monetary policy 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||8.07||-0.05 %||Jan 16|
|Exchange Rate||14,123||0.05 %||Jan 16|
|Stock Market||6,413||-0.32 %||Jan 16|
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January 17, 2019
At its 16–17 January monetary policy meeting, Bank Indonesia (BI) left the seven-day reverse repo rate at 6.00% for the second consecutive meeting, in line with market expectations.
January 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.1 billion in December, marking the third consecutive month in which the deficit has been wider than market expectations.
January 10, 2019
In November, retail sales grew 3.4% over the same month last year, up from October’s 2.9% expansion and matching the Bank’s initial estimate.
January 2, 2019
Conditions in Indonesia’s manufacturing sector improved at a faster pace in December, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.4 in November to 51.2 in December.
January 2, 2019
Consumer prices increased 0.62% in December from the previous month, up from November’s 0.27% increase.