Indonesia Inflation March 2021


Indonesia: Inflation stable in March

April 1, 2021

Consumer prices rose a seasonally-adjusted 0.10% over the previous month in March, matching February’s increase. March's result was driven largely by higher prices for food and tobacco more than offsetting lower prices for transportation.

Inflation remained stable at February’s 1.4% in March, therefore remaining below Bank Indonesia’s 2.0%–4.0% target range. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 1.7% in March (February: 1.8%). Core inflation came in at 1.2%, down from February’s 1.5%.

FocusEconomics panelists project inflation of 2.4% in 2021, down 0.2 percentage points from last month’s forecast. In 2022, inflation is seen averaging 3.1%.


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Indonesia Inflation Chart

Indonesia Inflation March 2021

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

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