Indonesia: Inflation decelerates in January
Christian Fernsby ▼ | February 3, 2023
Inflation came in at 5.3% in January, down from December’s 5.5%.Article continues below
January's result was the lowest reading since August 2022 and was mainly driven by softer price pressures for housing and transport.
Annual average inflation moderated to 4.0% in January (December: 4.2%). Meanwhile, core inflation inched down to 3.3% in January from 3.3% in December.
Lastly, consumer prices increased 0.34% in January over the previous month, following the 0.66% rise logged in the month prior.
FocusEconomics panelists project inflation of 3.1% in 2023, which is unchanged from last month’s forecast. In 2024, inflation is seen averaging 2.8%. ■ What to read next
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