Indonesia Inflation May 2021

Indonesia

Indonesia: Inflation comes in at highest level since December 2020 in May

June 2, 2021

Consumer prices rose a seasonally-adjusted 0.32% from the previous month in May, accelerating from the 0.13% increase recorded in April. May's reading marked the sharpest increase in prices since December 2020.

Inflation came in at 1.7% in May, up from April’s 1.4%. May's reading marked the highest inflation rate in five months. Annual average inflation fell slightly to 1.5% in May (April: 1.6%), while core inflation rose to 1.4% in May, from the previous month's 1.2%.

FocusEconomics panelists project inflation of 2.2% in 2021, which is unchanged from last month’s forecast. In 2022, inflation is seen averaging 3.0%.


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Indonesia Inflation May 2021 1

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


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