Indonesia Inflation October 2021

Indonesia

Indonesia: Inflation comes in at highest level since May in October

November 2, 2021

Consumer prices rose 0.12% over the previous month in October, swinging from September's 0.04% fall. October's uptick was the highest reading since May.

Inflation came in at 1.7% in October, up from September’s 1.6%. October's reading was the highest inflation rate since May. Annual average inflation was unchanged at September's 1.5% in October. Lastly, core inflation was also unchanged, coming in at September's 1.3% in October.

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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