Indonesia's annual inflation rate declined to a 16-month low of 3.08% in July of 2023 from 3.52% in June, compared to the market consensus of 3.1%, with food prices rising the least in 25 months (1.90% vs 2.85% in June). Prices also moderated for housing (2.03% vs 2.49%), transport (9.58% vs 10.18%), accommodation/restaurant (3.08% vs 3.27%), clothing (1.42% vs 1.47%), and furnishings (2.37% vs 2.57%). Meanwhile, education inflation accelerated (3.07% vs 2.75%). Conversely, prices of information & financials dropped further (-0.24% vs -0.23%). The inflation rate stayed within the central bank's target of 2-4% for a third consecutive month. Core inflation eased to a 16-month low of 2.43% from 2.58% in June, below forecasts of 2.5%. On a monthly basis, consumer prices went up 0.21%, the most in three months, after a 0.14% gain in the prior month, compared to market forecasts of a 0.22% growth. source: Statistics Indonesia

Inflation Rate in Indonesia averaged 8.74 percent from 1997 until 2023, reaching an all time high of 82.40 percent in September of 1998 and a record low of -1.17 percent in March of 2000. This page provides - Indonesia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Inflation Rate in Indonesia is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Inflation Rate is projected to trend around 3.10 percent in 2024 and 3.00 percent in 2025, according to our econometric models.

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Indonesia Inflation Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-03 04:00 AM Jun 3.52% 4% 3.64% 3.6%
2023-08-01 04:00 AM Jul 3.08% 3.52% 3.1% 3.2%
2023-09-01 04:00 AM Aug 3.08% 3.32% 3.0%


Related Last Previous Unit Reference
Inflation Rate 3.08 3.52 percent Jul 2023
Inflation Rate MoM 0.21 0.14 percent Jul 2023
Consumer Price Index CPI 115.24 115.00 points Jul 2023
Core Inflation Rate 2.43 2.58 percent Jul 2023
Core Consumer Prices 112.54 112.39 points Jul 2023
GDP Deflator 169.93 171.27 points Jun 2023
Producer Prices 115.93 115.74 points Jul 2023
Export Prices 175.80 180.70 points Jun 2023
Import Prices 178.38 178.23 points Jun 2023
Food Inflation 1.90 2.85 percent Jul 2023
Producer Prices Change 3.56 3.56 percent Jul 2023
CPI Transportation 120.50 119.81 points Jul 2023
CPI Housing Utilities 107.97 107.95 points Jul 2023

Indonesia Inflation Rate
In Indonesia, the consumer price index (CPI) is a measure of change over a specified period of time in the general level of prices of goods and services that a given population acquires, uses or pays for consumption. The CPI covers the urban population in the 44 provincial capital cities and regency capital cities in the country. The most important categories in Indonesia's CPI are Food, drinks and tobacco (25 percent of the total weight), Housing, water, electricity and household fuel (20.4 percent), Transportation (12.4 percent), and Food and beverage providers/Restaurant (8.7 percent). The index also includes: Household equipment, tools and routine maintenance (6 percent); Personal care and other services (5.9 percent); Information, communication and financial services (5.8 percent); Education (5.6 percent); and Clothing and footwear (5.4 percent). Health and Recreation, sports and culture account for the remaining 4.7 percent.
Actual Previous Highest Lowest Dates Unit Frequency
3.08 3.52 82.40 -1.17 1997 - 2023 percent Monthly
NSA

News Stream
Indonesia Inflation Rate at 16-Month Low
Indonesia's annual inflation rate declined to a 16-month low of 3.08% in July of 2023 from 3.52% in June, compared to the market consensus of 3.1%, with food prices rising the least in 25 months (1.90% vs 2.85% in June). Prices also moderated for housing (2.03% vs 2.49%), transport (9.58% vs 10.18%), accommodation/restaurant (3.08% vs 3.27%), clothing (1.42% vs 1.47%), and furnishings (2.37% vs 2.57%). Meanwhile, education inflation accelerated (3.07% vs 2.75%). Conversely, prices of information & financials dropped further (-0.24% vs -0.23%). The inflation rate stayed within the central bank's target of 2-4% for a third consecutive month. Core inflation eased to a 16-month low of 2.43% from 2.58% in June, below forecasts of 2.5%. On a monthly basis, consumer prices went up 0.21%, the most in three months, after a 0.14% gain in the prior month, compared to market forecasts of a 0.22% growth.
2023-08-01
Indonesia Inflation Rate at 14-Month Low
Indonesia's annual inflation rate dropped to a 14-month low of 3.52% in June of 2023 from 4% in May, less than the market consensus of 3.64%, with food prices rising the least in 16 months (2.85% vs 4.27% in May). Prices also moderated for transport (10.18% vs 10.62%), accommodation/restaurant (3.27% vs 3.38%), and clothing (1.47% vs 1.54%). Meanwhile, inflation of education was steady (at 2.75%) and that of housing was little changed (2.49% vs 2.48%) while prices of furnishings accelerated (2.57% vs 2.48%). By contrast, prices of information & financials fell further (-0.23% vs -0.27%). The inflation rate stayed within the central bank's target of 2-4% for a second straight month, after 11 months of being above the target range. Core inflation slowed to a 13-month low of 2.58% from 2.66% in May, below forecasts of 2.6%. On a monthly basis, consumer prices were up 0.14%, following a prior 0.09% rise, which was the least in six months, below market consensus of a 0.24% gain.
2023-07-03
Indonesia Inflation Rate at 12-Month Low of 4%
Indonesia's annual inflation rate fell to a 12-month low of 4% in May of 2023 from 4.33% in April and below the market consensus of 4.22%, with food prices rising the least in 14 months (4.27% vs 4.58%). The inflation rate for the first time since May 2022 was at the upper end of its central bank's 2-4% target range, after 11 months above the target range. Prices moderated for housing (2.48% vs 2.53% in April), transport (10.62% vs 11.96%), furnishings (2.48% vs 3.27%), accommodation/restaurant (3.38% vs 3.79%), and clothing (1.54% vs 1.80%). At the same time, inflation was steady for education (2.75%). In addition, prices of information & financials dropped faster (-0.27% vs -0.25%). Core inflation eased to an 11-month low of 2.66% in May from 2.83% in April, below forecasts of 2.8%. On a monthly basis, consumer prices edged up 0.09% in May, the least in six months, after a prior 0.33% rise, which was the highest in three months, and below the market consensus of a 0.3% gain.
2023-06-05