Indonesia: Inflation_October_2023

𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚:  𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐑𝐚𝐭𝐞

Stays Contained

Headline Inflation at 0.17% Month-on-Month (MoM)

Indonesia’s headline Consumer Price Index (CPI)  for October this year was released at an MoM rate of  0.17% (September: 0.19%), and a Year-On-Year (YoY) rate of 2.56% (September: 2.28%). The annual October figure is lower than the consensus estimate of 2.65%, while the monthly figure is also lower than the consensus estimate of 0.26%. The annual inflation figure in October also provides an additional base to profile domestic private consumption since the government increased the price of subsidized fuel in September last year (in Chart 1).

Cheers,