Indonesia's central bank raised its policy rate by 50bps to 5.25% during its November meeting, the fourth hike this year, as it sought to curb inflation that was above the upper limit of Bank Indonesia's 2-4% target for the fifth straight month while supporting the rupiah. Thursday's decision took borrowing costs to their highest since September 2019 and brought a total of 175bps rises since August, amid a commitment from policymakers to lowering inflation expectations by using a front-loaded and pre-emptive measure. The central bank mentioned that core inflation, which stood at 3.31% last month, would rise above 4% by the end of this year before returning to the target of between 2-4%, hopefully in H1 of 2023. On the GDP, the central bank said it was aware of the risk of a global slowdown. However, the board was confident the economy to grow between 4.5 to 5.3% this year and expects robust performance will continue next year, due to resilient domestic demand and strong exports. source: Statistics Indonesia

Inflation Rate in Indonesia averaged 8.86 percent from 1997 until 2022, reaching an all time high of 82.40 percent in September of 1998 and a record low of -1.17 percent in March of 2000. This page provides - Indonesia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Inflation Rate 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. In the long-term, the Indonesia Inflation Rate is projected to trend around 3.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Indonesia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-03 04:00 AM Sep 5.95% 4.69% 6% 5.8%
2022-11-01 04:00 AM Oct 5.71% 5.95% 5.99% 5.8%
2022-12-01 04:00 AM Nov 5.71% 5.5% 5.6%


Related Last Previous Unit Reference
Inflation Rate 5.71 5.95 percent Oct 2022
Inflation Rate MoM -0.11 1.17 percent Oct 2022
Consumer Price Index CPI 112.75 112.87 points Oct 2022
Core Inflation Rate 3.31 3.21 percent Oct 2022
Core Consumer Prices 110.80 110.62 points Oct 2022
GDP Deflator 171.03 168.28 points Sep 2022
Producer Prices 112.72 112.77 points Oct 2022
Export Prices 187.00 189.50 points Sep 2022
Import Prices 188.83 191.00 points Sep 2022
Food Inflation 6.76 7.91 percent Oct 2022
Producer Prices Change 4.70 4.75 percent Oct 2022
CPI Transportation 120.06 119.64 points Oct 2022
CPI Housing Utilities 106.79 106.60 points Oct 2022

Indonesia Inflation Rate
In Indonesia, the consumer price index (CPI) is a measure of change over a specified period of time in the general level of prices of goods and services that a given population acquires, uses or pays for consumption. The CPI covers the urban population in the 44 provincial capital cities and regency capital cities in the country. The most important categories in Indonesia's CPI are Food, drinks and tobacco (25 percent of the total weight), Housing, water, electricity and household fuel (20.4 percent), Transportation (12.4 percent), and Food and beverage providers/Restaurant (8.7 percent). The index also includes: Household equipment, tools and routine maintenance (6 percent); Personal care and other services (5.9 percent); Information, communication and financial services (5.8 percent); Education (5.6 percent); and Clothing and footwear (5.4 percent). Health and Recreation, sports and culture account for the remaining 4.7 percent.
Actual Previous Highest Lowest Dates Unit Frequency
5.71 5.95 82.40 -1.17 1997 - 2022 percent Monthly
NSA

News Stream
Indonesia Lifts Key Rate by 50Bps to 5.25%
Indonesia's central bank raised its policy rate by 50bps to 5.25% during its November meeting, the fourth hike this year, as it sought to curb inflation that was above the upper limit of Bank Indonesia's 2-4% target for the fifth straight month while supporting the rupiah. Thursday's decision took borrowing costs to their highest since September 2019 and brought a total of 175bps rises since August, amid a commitment from policymakers to lowering inflation expectations by using a front-loaded and pre-emptive measure. The central bank mentioned that core inflation, which stood at 3.31% last month, would rise above 4% by the end of this year before returning to the target of between 2-4%, hopefully in H1 of 2023. On the GDP, the central bank said it was aware of the risk of a global slowdown. However, the board was confident the economy to grow between 4.5 to 5.3% this year and expects robust performance will continue next year, due to resilient domestic demand and strong exports.
2022-11-17
Indonesia Inflation Rate Slows Slightly
Indonesia's annual inflation rate fell to 5.71% in October of 2022 from September's near 7-year peak of 5.95%, less than market estimates of 5.99%. However, the inflation rate was above the upper limit of the central bank's 2-4% target for the fifth straight month. Prices of food rose by 6.76% yoy, the least in four months, after a 7.91% growth in September. Also, there were rises in cost of transport (16.03% vs 16.01% in September), housing (3.30 vs 3.19%), furnishings (5.08% vs 5.04%), food and beverages accommodation/ restaurant (4.72% vs 4.53%), education (2.74% vs 2.61%), and clothing (1.50% vs 1.56%). On the flip side, cost of information & financials fell further (-0.42% vs -0.31%). Core consumer prices increased by 3.31% yoy, the most since September 2019, compared with forecasts of 3.4%. On a monthly basis, consumer prices unexpectedly fell 0.11% in October, following a 1.17% rise in September which was the most since December 2014 and compared with consensus of a 0.16% gain.
2022-11-01
Indonesia Inflation Rate at Near 7-Year High
Indonesia's annual inflation rate accelerated to 5.95% in September 2022 from 4.69%, the highest level since October 2015 and compared with market estimates of 6%. The inflation rate was above the upper limit of the central bank's 2-4% target range for the fourth straight month. Main upward pressures largely came from cost of food (7.91% vs 7.73% in August), transport (16.01% vs 6.62%), housing (3.19% vs 3.11%), furnishings (5.04% vs 4.89%), food & restaurant (4.53% vs 4.20%), education (2.61% vs 2.50%), and clothing (1.56% vs 1.63%). By contrast, cost of information & financial fell further (-0.31% vs -0.29%). The annual core inflation rate was at a 3-year high of 3.21%, but below market consensus of 3.6%. On a monthly basis, consumer prices rose 1.17% in September, the most since December 2014, compared with forecasts of a 1.26% gain.
2022-10-03