December 2017: Inflation reached 0.71 percent.

Economics & Macro

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02/01/2018 11:58 WIB

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Monthly Inflation (January-December 2017)

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December 2017: Inflation reached 0.71 percent.

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Monthly Inflation (January-December 2017)

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Statistics Indonesia (BPS) reported inflation of 0.71 percent in December 2017, higher than the previous month's 0.2 percent. This inflation rate was the highest in the last 11 months of 2017 and the second highest throughout the year. The increase in food prices ahead of Christmas and New Year 2018, as well as the impact of natural disasters in several regions, contributed to the relatively high inflation at the end of last year. The calendar year (January-December) and year-on-year (YoY) inflation rates for 2017 reached 3.61 percent.

Meanwhile, for the core component, December 2017 saw inflation of 0.13 percent, with calendar year (January-December) 2017 and year-on-year (YoY) inflation rates of 2.95 percent.

The food and beverage expenditure group recorded the highest inflation in December 2017 at 0.46 percent, followed by the transportation, communication, and financial services group at 0.14 percent; and the processed food, beverages, tobacco group at 0.05 percent.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."