BPS Head Suhariyanto said all expenditure groups experienced inflation in March 2018:

• Foodstuffs; 0.14 percent (m/m)
• Processed food, beverages, cigarette and tobacco; 0.26 percent (m/m)
• Housing, water, electricity, gas and fuel; 0.06 percent (m/m)
• Clothing; 0.36 percent (m/m)
• Health; 0.37 percent (m/m)
• Education, recreation and sports; 0.07 percent (m/m)
• Transportation, communication and financial services; 0.28 percent (m/m).

Suhariyanto added that at the end of February 2018 prices of Pertamax and Pertamax Turbo rose. Meanwhile, on 24 March 2018 the price of Pertalite was raised by IDR 200 per liter. The impact of these higher prices on the nation's inflation rate is expected to continue up to April 2018.

Read more: Analysis of Inflation in Indonesia

Meanwhile, the start of the harvest season caused prices of rice to decline. Still, overall, prices of foodstuffs rose, especially due to higher prices of spices.

Indonesia's core inflation experienced inflation of 0.19 percent (m/m) in March. Meanwhile, so far this year (January-March 2018) core inflation reached 0.76 percent, while annual core inflation accelerated to 2.67 percent (y/y).

Inflation in Indonesia:

Month M/M Growth
      2018
January      0.62%
February      0.17%
March      0.20%
Year-to-Date      0.99%


Headline Consumer Price Index of Indonesia:

Month M/M Growth
      2013
M/M Growth
      2014
M/M Growth
      2015
M/M Growth
      2016
M/M Growth
      2017
January      1.03%      1.07%     -0.24%      0.51%      0.97%
February      0.75%      0.26%     -0.36%     -0.09%      0.23%
March      0.63%      0.08%      0.17%      0.19%     -0.02%
April     -0.10%     -0.02%      0.36%     -0.45%      0.09%
May     -0.03%      0.16%      0.50%      0.24%      0.39%
June      1.03%      0.43%      0.54%      0.66%      0.69%
July      3.29%      0.93%      0.93%      0.69%      0.22%
August      1.12%      0.47%      0.39%     -0.02%     -0.07%
September     -0.35%      0.27%     -0.05%      0.22%      0.13%
October      0.09%      0.47%     -0.08%      0.14%      0.01%
November      0.12%      1.50%      0.21%      0.47%      0.20%
December      0.55%      2.46%      0.96%      0.42%      0.71%
Total      8.38%      8.36%      3.35%      3.02%      3.61%

Source: Statistics Indonesia (BPS)

Inflation in Indonesia and Central Bank (BI) Target:

  2014 2015 2016 2017 2018
Inflation
(annual % change)
 8.4  3.4  3.0  3.6
BI Target
(annual % change)
 4.5  4.0  4.0  4.0  3.5

 

  2008 2009 2010 2011 2012 2013
Inflation
(annual % change)
 9.8  4.8  5.1  5.4  4.3  8.4
BI Target
(annual % change)
 5.0  4.5  5.0  5.0  4.5  4.5

Source: Bank Indonesia

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