Inflation in Indonesia

Indonesia Inflation | Economic News & Forecasts

Indonesia - Inflation

Inflation dips in December

Consumer prices increased 0.62% in December from the previous month, up from November’s 0.27% increase. December’s print was driven by higher prices in the food; and transport, communication and financial services subsectors.

Inflation dipped to 3.1% from 3.2% in November, slightly above market expectations and remaining within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation ticked up from 3.0% in November to 3.1% in December.

Looking ahead, inflation is set to remain fairly subdued and comfortably within the target range, with FocusEconomics Consensus Forecast panelists expecting inflation to average 3.8% in 2019 and 4.0% in 2020. As a result, Bank Indonesia is likely to continue conducting monetary policy in response to developments in the external sector, particularly the evolution of the rupiah and the current account deficit.

Indonesia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)6.4  6.4  6.4  3.5  3.8  

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Indonesia Inflation Chart


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

Indonesia Facts

ValueChangeDate
Bond Yield8.07-0.05 %Jan 16
Exchange Rate14,1230.05 %Jan 16
Stock Market6,413-0.32 %Jan 16

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