Inflation in Indonesia

Indonesia Inflation | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)6.4  3.5  3.8  3.3  2.8  

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Indonesia Inflation Chart

Indonesia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Indonesia.

Indonesia Facts

Value Change Date
Bond Yield7.10-0.05 %Dec 31
Exchange Rate13,8830.05 %Jan 01

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