Annual inflation rate in Indonesia eased to 2.57 percent in February 2019 from 2.82 percent in the previous month and below market expectations of 2.75 percent. It was the lowest inflation rate since November 2009 as prices rose at softer pace for foodstuff (0.72 percent vs 1.98 percent in January), prepared food, beverages, cigarette & tobacco (3.62 percent vs 3.75 percent) and clothing (3.47 percent vs 3.55 percent). Meanwhile, inflation picked up for housing & utilities (2.51 percent vs 2.48 percent), health (3.24 percent vs 3.13 percent), education, recreation & sport (3.28 percent vs 3.24 percent), and transportation, communication & financial services (3.32 percent vs 3.28 percent). Annual core inflation was unchanged at 3.06 percent in February, matching forecasts. On a monthly basis, consumer prices edged down 0.08 percent, compared to market consensus of a 0.03 percent fall. 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 3.80 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 4.10 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.