Indonesia's annual inflation rate increased to a four-month high of 2.83 percent in April 2019 from 2.48 percent in the previous month and above market expectations of 2.69 percent. Upward pressure came from: foodstuff (2.29 percent vs 0.56 percent in March); transportation, communication & financial services (3.22 percent vs 3.13 percent); and health (3.13 percent vs 3.11 percent). Meanwhile, inflation slowed for: housing & utilities (2.52 percent vs 2.56 percent); prepared food, beverages, cigarette & tobacco (3.53 percent vs 3.58 percent); clothing (3.18 percent vs 3.33 percent); and education, recreation & sport (3.26 percent vs 3.27 percent). Annual core inflation edged up to 3.05 percent in April from 3.03 percent in March and slightly above forecasts of 3.04 percent. On a monthly basis, consumer prices went up 0.44 percent, compared to market consensus of a 0.32 percent rise. Inflation Rate in Indonesia averaged 9.89 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 2.90 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.