Indonesia Inflation December 2021

Indonesia

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

January 4, 2022

Consumer prices increased 0.57% from the previous month in December, picking up from November's 0.37% rise. December's result was the highest reading since June 2018.

Inflation inched up to 1.9% in December from November’s 1.7%. December's result was the highest inflation rate since June 2020. Annual average inflation rose to 1.6% in December (November: 1.5%). Finally, core inflation rose to 1.6% in December, from November’s 1.4%.

FocusEconomics panelists project inflation of 2.0% in 2022, which is down 0.2 percentage points from last month’s forecast. In 2023, inflation is seen averaging 2.9%.


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