Annual inflation rate in Indonesia slowed to 2.48 percent in March 2019 from 2.57 percent in the previous month and below market expectations of 2.5 percent. It was the lowest inflation rate since November 2009 as prices rose at softer pace for foodstuff (0.56 percent vs 0.72 percent in February); transportation, communication & financial services (3.13 percent vs 3.32 percent); prepared food, beverages, cigarette & tobacco (3.58 percent vs 3.62 percent); clothing (3.33 percent vs 3.47 percent); health (3.11 percent vs 3.24 percent), and education, recreation & sport (3.27 percent vs 3.28 percent). Meanwhile, inflation picked up for housing & utilities (2.56 percent vs 2.51 percent). Annual core inflation edged down to a 4-month low of 3.03 percent in March from 3.06 percent in February and below forecasts of 3.06 percent. On a monthly basis, consumer prices edged up 0.11 percent, compared to market consensus of a 0.13 percent rise. Inflation Rate in Indonesia averaged 9.94 percent from 1997 until 2019, 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 2.70 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 3.20 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.