Indonesia: Inflation decelerates in March from February
Latest reading: Inflation dropped to 3.5% in March from February’s 4.8%, returning to the ceiling of Bank Indonesia’s 1.5–3.5% target range.
Relative to the prior month’s figures, there were reduced price pressures for housing, water, electricity and household fuels (+7.2% on a year-on-year basis vs +16.2% in February) and food, beverages and tobacco (+3.3% vs +3.5% in February). In contrast, there were higher price pressures for transport (+0.6% vs +0.1% in February) and recreation and entertainment (+1.1% vs +1.0% in February). Finally, the change in clothing and footwear prices was the same as in the prior month (+0.7% in March and February).
Meanwhile, core consumer prices were up 2.5% on a year-on-year basis in March, following a 2.6% increase in the previous month.
Finally, consumer prices increased 0.41% in March on a month-on-month basis, following a 0.68% rise in the prior month.