Indonesia Inflation June 2022


Indonesia: Inflation comes in at highest level in five years in June

July 4, 2022

Consumer prices rose 0.61% in June over the previous month, accelerating from May's 0.40% rise. The was largely driven by increasing prices for clothing and footwear.

Inflation increased to 4.3% in June, following May’s 3.6%. June's reading represented the highest inflation rate since June 2017. Annual average inflation rose to 2.4% in June (May: 2.1%). Lastly, core inflation was stable, coming in at May's 2.6% in June.

FocusEconomics panelists project inflation of 3.7% in 2022, which is unchanged from last month’s forecast. In 2023, inflation is seen averaging 3.4%.


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Indonesia Inflation Chart

Indonesia Inflation June 2022

Note: Annual and monthly variation of consumer price index in %.
Source: Statistics Indonesia (BPS) and FocusEconomics calculations.

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