Indonesia's annual consumer price inflation increased to a-six month high of 3.23 percent in November of 2018 from 3.16 percent in the previous month, and beating market expectations of 3.15 percent. Prices rose faster for: housing & utilities (2.47% vs 2.35% in October); transportation, communication & financial services (2.62% vs 2.14); clothing (3.63% vs 3.52%), and health (3.11% vs 3.03%).On the other hand, prices went up softer for: foodstuff (4.25% vs 4.38%); prepared food, beverages, cigarette & tobacco (4% vs 4.03%); education, recreation & sport (3.13% vs 3.18%). Annual core inflation rose to a 12-month high of 3.03 percent in November from a 2.94 percent in October and slightly above market consensus of 2.97 percent. On a monthly basis, consumer prices went up 0.27 percent, after a 0.28 percent gain in October, missing expectations of a 0.19 percent rise. Inflation Rate in Indonesia averaged 10.03 percent from 1997 until 2018, reaching an all time high of 82.40 percent in September of 1998 and a record low of -1.17 percent in March of 2000.
Inflation Rate in Indonesia is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Indonesia to stand at 4.20 in 12 months time. In the long-term, the Indonesia Inflation Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.