Institute for Research on Economics and Society – Faculty of Economics and Business – University of Indonesia

MACROECONOMIC ANALYSIS SERIES: Monthly Inflation, November 2019

November 2, 2019

MeThe increase in the general inflation rate in terms of mom occurred during the October 2019 period, with the related inflation level increasing from the previous level of -0.27 percent mom (September 2019) to 0.02 percent mom (October 2019). This is estimated to be driven by the increasing level of core goods inflation, which again showed a positive trend of 0.17 percent mom, as well as government regulated prices which showed a small increase of 0.03 percent mom. Meanwhile, volatile goods prices have continued their downward trend since August 2019. In terms of mom, the inflation level for volatile goods has decreased by -0,47 percent mom. In the midst of the visible decline in inflation levels, we still maintain our predicted yoy inflation value at the end of the year of 3,4-3,6 percent, with predictions of strengthening consumption in the last quarter of 2019.

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