Institute for Economic and Social Research – Faculty of Economics and Business – Universitas Indonesia

MACROECONOMIC ANALYSIS SERIES: Inflation Outlook 2019

Despite wide fluctuation of international oil price, slightly higher consumption growth, and rapidly depreciating currency, inflation in 2018 remains remarkably low, with headline inflation at 3.13% (y.o.y) in December 2018. Historically, faster consumption growth drives demand for goods and services and thus tend to push inflation higher. Similarly, without additional fuel subsidy budget, higher oil […]