Indonesia's annual inflation rate accelerated to 4.94% in July 2022 from 4.35% in June, topping market estimates of 4.82%. This was the fastest rise in consumer prices since December 2014, breaching the central bank's target range of 2 to 4% for the 2nd straight month. Food prices rose the most since December 2014 (9.35% vs 6.23%), with consumption strengthening further following a return to normal life after a lift in curbs and as commodity prices stayed elevated. Additional upward pressures also came from cost of housing (2.57% vs 2.14%), transport (6.65% vs 5.45%), furnishings (4.91% vs 4.77%), food services & restaurant (3.96% vs 3.67%), education (1.85% vs 1.69%) and clothing (1.54% vs 1.38%). Meanwhile, cost of information & financial continued to fall (-0.27% vs -0.23%). The annual core inflation rate was at a 28-month high of 2.86%, compared to consensus of 2.85%. On a monthly basis, consumer prices climbed 0.64% in July, the most in 3 months, surpassing forecasts of 0.53%. source: Statistics Indonesia

Inflation Rate in Indonesia averaged 8.90 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 August of 2022.

Inflation Rate in Indonesia is expected to be 3.80 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
2022-07-01 02:00 AM Jun 4.35% 3.55% 4.17% 3.9%
2022-08-01 04:00 AM Jul 4.94% 4.35% 4.82% 4.7%
2022-09-01 04:00 AM Aug 4.94%


Related Last Previous Unit Reference
Inflation Rate 4.94 4.35 percent Jul 2022
Inflation Rate Mom 0.64 0.61 percent Jul 2022
Consumer Price Index CPI 111.80 111.09 points Jul 2022
Core Consumer Prices 109.87 109.56 points Jul 2022
Core Inflation Rate 2.86 2.63 percent Jul 2022
GDP Deflator 168.28 160.12 points Jun 2022
Producer Prices 111.95 111.43 points Jul 2022
Export Prices 205.80 202.30 points Jun 2022
Import Prices 194.80 188.97 points Jun 2022
Food Inflation 9.35 6.23 percent Jul 2022
Producer Prices Change 3.98 3.50 percent Jul 2022
CPI Transportation 109.97 108.74 points Jul 2022
CPI Housing Utilities 105.82 105.33 points Jul 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
4.94 4.35 82.40 -1.17 1997 - 2022 percent Monthly
NSA

News Stream
Indonesia Inflation Rate at Near 7-Year High
Indonesia's annual inflation rate accelerated to 4.94% in July 2022 from 4.35% in June, topping market estimates of 4.82%. This was the fastest rise in consumer prices since December 2014, breaching the central bank's target range of 2 to 4% for the 2nd straight month. Food prices rose the most since December 2014 (9.35% vs 6.23%), with consumption strengthening further following a return to normal life after a lift in curbs and as commodity prices stayed elevated. Additional upward pressures also came from cost of housing (2.57% vs 2.14%), transport (6.65% vs 5.45%), furnishings (4.91% vs 4.77%), food services & restaurant (3.96% vs 3.67%), education (1.85% vs 1.69%) and clothing (1.54% vs 1.38%). Meanwhile, cost of information & financial continued to fall (-0.27% vs -0.23%). The annual core inflation rate was at a 28-month high of 2.86%, compared to consensus of 2.85%. On a monthly basis, consumer prices climbed 0.64% in July, the most in 3 months, surpassing forecasts of 0.53%.
2022-08-01
Indonesia Inflation Rate Hits 5-Year Peak of 4.35%
Indonesia's annual inflation rate quickened to 4.35% in June 2022 from 3.55% in May, above market consensus of 4.17% and breaching the central bank's target range of 2 to 4%. This was the highest reading since June 2017, with food prices jumping 6.23%, the most since November 2016, as consumption strengthened further with activities returning to normal following a drop in COVID-19 cases and a lift in mobility curbs. Additional upward pressures also came from cost of housing & utilities (2.14% vs 2.12% in May), transport (5.45% vs 4.77%), furnishings (4.77% vs 4.39%), food services & restaurant (3.67% vs 3.57%), education (1.69% vs 1.71%) and clothing (1.38% vs 1.10%). Meantime, cost of information, communication & financial dropped further (-0.23% vs -0.20%). Annual core inflation rate accelerated to a 25-month high of 2.63% from 2.58% in May, and compared to consensus of 2.72%. On a monthly basis, consumer prices were up 0.61% in June, surpassing forecasts of a 0.44% rise.
2022-07-01
Indonesia Inflation Rate at Near 4-1/2-Year High
Indonesia's annual inflation rate rose to 3.55% in May 2022 from 3.47% in April, compared with market consensus of 3.6%. This was the highest print since December 2017, with food prices rising 5.62%, the most since March 2020, as consumption strengthened sharply during the Eid-ul Fitr celebration. Additional upward pressures also came from cost of housing & utilities (2.12% vs 2.05% in April), furnishings (4.39% vs 4.23%), food services & restaurant (3.57% vs 3.47%), transport (4.77% vs 4.84%), education (1.71% vs 1.71%) and clothing (1.10% vs 1.83%). Meantime, cost of information, communication & financial fell further (-0.20% vs -0.22%). The headline index was within the central bank's target range of 2 to 4% for the fifth straight month. Annual core inflation rate was at 2.58%, compared with April’s 23-month high of 2.60% and consensus of 2.7%. On a monthly basis, consumer prices were up 0.4% in May, the least in 3 months and compared with forecasts of a 0.41% gain.
2022-06-02