Cost of food in Indonesia increased 4.28 percent in December of 2019 over the same month in the previous year, the lowest since May.
Food Inflation in Indonesia averaged 12.36 percent from 1997 until 2019, reaching an all time high of 138.12 percent in September of 1998 and a record low of -11.16 percent in March of 2000. This page provides the latest reported value for - Indonesia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Statistics Indonesia
Food Inflation in Indonesia is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Indonesia to stand at 3.90 in 12 months time. In the long-term, the Indonesia Food Inflation is projected to trend around 4.00 percent in 2020, according to our econometric models.