Inflation in Indonesia

Indonesia Inflation | Economic News & Forecasts

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

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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