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Economic Research
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3 May
2017
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Indonesia
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Economic Update
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The headline
inflation rate bounced back to 4.2% YoY in April, after moderating to +3.6%
in March. This was attributed mainly to more rapid increases in the cost of
housing & utilities and transport. Going forward, we forecast headline
inflation to pick up to 4.2% in 2017, from +3.5% last year. This is on
account of:
1. Higher energy
prices as a result of a pick-up in crude oil prices;
2. Electricity
tariff hikes;
3. Modest pick-up
in volatile food prices.
Economist:
Rizki Fajar| +6221 2970 7065
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Wednesday, May 3, 2017
Further Electricity Rate Hike Drives Inflation In April
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