Indonesia Inflation July 2022

Indonesia

Indonesia: Inflation comes in at highest level in nearly seven years in July

August 2, 2022

Consumer prices rose 0.64% over the previous month in July, picking up from the 0.61% rise recorded in June. The acceleration was broad-based, with greater price pressures recorded for clothing and footwear, housing, water, electricity and household fuels, and transport.

Inflation came in at 4.9% in July, which was up from June’s 4.3%. July's figure represented the highest inflation rate since October 2015. Annual average inflation edged up to 2.6% in July (June: 2.4%). Lastly, core inflation rose to 2.9% in July, from June’s 2.6%.

FocusEconomics panelists project inflation of 3.8% in 2022, which is up 0.1 percentage points from last month’s forecast. In 2023, inflation is seen averaging 3.6%.


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Indonesia Inflation July 2022

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


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