Cpi Report

Consumer Price Index (CPI) Rises in Indonesia

Core CPI Tops Forecasts

Economists Anticipate Cool-Down Signs

Economists are eagerly awaiting fresh data on Wednesday, hoping it will provide indications of a cooldown in inflation. Forecasters predict that the Labor Department report will reveal a slowdown in consumer price increases.

The Consumer Price Index (CPI) measures the average change in prices paid by urban consumers for a basket of goods. Core CPI, which excludes volatile energy and food prices, has consistently exceeded expectations, potentially delaying rate cuts by the Federal Reserve.

Shelter and gasoline prices were significant contributors to CPI gains, while car insurance costs also rose. In Indonesia, the CPI climbed to 105.19 points in January 2023, up from 105.15 points in December 2023.

The latest CPI report indicates that inflation has eased to 3.4% in April from a year ago, meeting economist forecasts. However, the persisting high core CPI suggests that inflationary pressures remain.