Inflation in Indonesia
Indonesia - Inflation
Inflation decelerates in January
Inflation came in at 5.3% in January, down from December’s 5.5%. January's result was the lowest reading since August 2022 and was mainly driven by softer price pressures for housing and transport.
Annual average inflation moderated to 4.0% in January (December: 4.2%). Meanwhile, core inflation inched down to 3.3% in January from 3.3% in December.
Lastly, consumer prices increased 0.34% in January over the previous month, following the 0.66% rise logged in the month prior.
FocusEconomics panelists project inflation of 3.1% in 2023, which is unchanged from last month’s forecast. In 2024, inflation is seen averaging 2.8%.
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|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
February 1, 2023
Inflation came in at 5.3% in January, down from December’s 5.5%.
January 23, 2023
Merchandise exports expanded 6.6% year-on-year in December (November: +5.5% year-on-year).
January 19, 2023
At its monetary policy meeting on 18–19 January, Bank Indonesia (BI) raised the seven-day reverse repo rate by 25 basis points from 5.50% to 5.75%, marking a continuation of its tightening cycle and bringing the total increase in rates to 225 basis point since August.
January 16, 2023
Retail sales increased 0.0% year on year in December (November: +1.3% yoy).
January 10, 2023
Inflation came in at 5.5% in December, up from November’s 5.4%.