Inflation in Indonesia
Indonesia - Inflation
Inflation falls to lowest level since May 2000 in June
Consumer prices increased a seasonally-adjusted 0.18% in June over the last month, accelerating from May's 0.07% increase. June's figure was driven by higher prices for food, drinks and tobacco, and transportation.
Inflation came in at 2.0% in June, down from May’s 2.2% print. June's result represented the lowest inflation rate since May 2000. In addition, the trend pointed down mildly, with annual average inflation coming in at 2.7% in June (May: 2.8%). Lastly, core inflation fell to 2.3% from May’s 2.7%.
Our panelists see inflation tracking in the lower part of the Central Bank’s 2.0%—4.0% target range this year. Low inflation, coupled with a weak economy, could provide the rationale for further monetary easing by the Bank.
FocusEconomics panelists project inflation of 2.6% in 2020, down 0.1 percentage points from last month’s forecast. In 2021, inflation is seen averaging 3.0%.
Indonesia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.4||3.5||3.8||3.3||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Inflation Chart
Source: Statistics Indonesia.
|Bond Yield||7.10||-0.05 %||Dec 31|
|Exchange Rate||13,883||0.05 %||Jan 01|
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July 8, 2020
Retail sales nosedived 20.6% year-on-year in May (April: -16.9% yoy).
July 1, 2020
Consumer prices increased a seasonally-adjusted 0.18% in June over the last month, accelerating from May's 0.07% increase.
July 1, 2020
The manufacturing Purchasing Managers’ Index (PMI) released by IHS Markit rose from 28.6 in May to 39.1 in June amid an easing of Covid-19 restrictions.
June 18, 2020
At its 17–18 June monetary policy meeting, Bank Indonesia (BI) cut the seven-day reverse repo rate to 4.25%.
June 16, 2020
Retail sales decreased 16.9% year-on-year in April (March: -4.5% yoy).