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Indonesia Inflation June 2024

Indonesia: Inflation declines to lowest level since September 2023 in June

Inflation ticked down to 2.5% in June, which followed May’s 2.8%. June’s figure represented the weakest inflation rate since September 2023. The sharper drop compared to May’s decline was largely driven by softer increases in prices for food, clothing and footwear, housing, water, electricity and household fuels, and recreation and entertainment.

Accordingly, the trend pointed down slightly, with annual average inflation coming in at 2.8% in June (May: 2.9%). Meanwhile, core inflation was unchanged, coming in at May’s 1.9% in June.

Finally, consumer prices fell 0.08% in June over the previous month, a sharper drop than the 0.03% fall logged in May. June’s result marked the weakest reading since October 2022.

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