Inflation falls to over one-year low in July
Inflation fell to 3.1% in July from June’s 3.5%. July’s result represented the weakest inflation rate since March 2022. Looking at the details of the release, the change in prices for clothing and footwear grew at a slower pace in July and prices for housing, water, electricity and household fuels grew at a softer rate. Meanwhile, transport prices grew at a softer pace.
Annual average inflation fell to 4.8% in July (June: 5.0%). Meanwhile, core inflation edged down to 2.4% in July, from June’s 2.6%.
Finally, consumer prices rose 0.21% in July over the previous month, picking up from June’s 0.14% increase.
Indonesia Inflation Chart
Indonesia Inflation Data
|Inflation (CPI, ann. var. %, aop)||3.2||2.8||2.0||1.6||4.2|
|Inflation (CPI, ann. var. %, eop)||3.1||2.6||1.7||1.9||5.5|
|Inflation (Core, ann. var. %, aop)||2.8||3.0||2.3||1.4||2.8|
|Inflation (WPI, ann. var. %, aop)||5.5||1.1||2.4||2.6||4.7|