Indonesia's annual inflation rate inched up to 5.51% in December of 2022 from November's three-month low of 5,4%, beating market consensus of 5.39%. The inflation rate was above the upper limit of the central bank's 2-4% target for the seventh straight month. Prices increased faster for both housing (3.78% vs 3.24% in November) and education (2.77% vs 2.76%), amid a softer decline in prices of information & financials (-0.36% vs -0.40%). Prices continued to rise for food, beverages and tobacco (5.83% vs 5.87%), transport (15.26% vs 15.45%), furnishings (4.86% vs 4.96%), food and beverages accommodation/restaurant (4.49% vs 4.59%), and clothing (1.40% vs 1.53%). Core consumer prices climbed by 3.36% yoy, the highest level in near 6 years, compared to market forecasts of a 3.39% rise. On a monthly basis, consumer prices were up 0.66% in December, the most in three months, after a 0.09% rise in November, and above market consensus of a 0.52% gain. source: Statistics Indonesia

Inflation Rate in Indonesia averaged 8.84 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 January of 2023.

Inflation Rate in Indonesia is expected to be 5.50 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 2024 and 3.00 percent in 2025, according to our econometric models.

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Indonesia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-01 04:00 AM Nov 5.42% 5.71% 5.5% 5.6%
2023-01-02 04:00 AM Dec 5.51% 5.42% 5.39% 5.4%
2023-02-01 04:00 AM Jan 5.51% 5.4%


Related Last Previous Unit Reference
Inflation Rate 5.51 5.42 percent Dec 2022
Inflation Rate MoM 0.66 0.09 percent Dec 2022
Consumer Price Index CPI 113.59 112.85 points Dec 2022
Core Inflation Rate 3.36 3.30 percent Dec 2022
Core Consumer Prices 111.21 110.97 points Dec 2022
GDP Deflator 171.03 168.28 points Sep 2022
Producer Prices 113.88 113.02 points Dec 2022
Export Prices 188.70 189.50 points Nov 2022
Import Prices 177.98 185.62 points Nov 2022
Food Inflation 5.83 5.87 percent Dec 2022
Producer Prices Change 5.78 5.75 percent Dec 2022
CPI Transportation 120.61 120.07 points Dec 2022
CPI Housing Utilities 107.54 106.87 points Dec 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
5.51 5.42 82.40 -1.17 1997 - 2022 percent Monthly
NSA

News Stream
Indonesia Inflation Rate Tops Estimates
Indonesia's annual inflation rate inched up to 5.51% in December of 2022 from November's three-month low of 5,4%, beating market consensus of 5.39%. The inflation rate was above the upper limit of the central bank's 2-4% target for the seventh straight month. Prices increased faster for both housing (3.78% vs 3.24% in November) and education (2.77% vs 2.76%), amid a softer decline in prices of information & financials (-0.36% vs -0.40%). Prices continued to rise for food, beverages and tobacco (5.83% vs 5.87%), transport (15.26% vs 15.45%), furnishings (4.86% vs 4.96%), food and beverages accommodation/restaurant (4.49% vs 4.59%), and clothing (1.40% vs 1.53%). Core consumer prices climbed by 3.36% yoy, the highest level in near 6 years, compared to market forecasts of a 3.39% rise. On a monthly basis, consumer prices were up 0.66% in December, the most in three months, after a 0.09% rise in November, and above market consensus of a 0.52% gain.
2023-01-02
Indonesia Inflation Rate at 3-Month Low of 5.42%
Indonesia's annual inflation rate fell to a three-month low of 5.42% in November of 2022 from October's of 5,71%, below market consensus of 5.5%. However, the inflation rate was above the upper limit of the central bank's 2-4% target for the sixth straight month. Food inflation eased to a sixth-month low of 5.87% in November from 6.76% in October. Prices also rose softer for transport (15.45% vs 16.03%), housing (3.24 vs 3.30%), furnishings (4.96% vs 5.08%), food and beverages accommodation/restaurant (4.59% vs 4.72%). Meanwhile, pices of both education (2.76% vs 2.74%) and clothing (1.53% vs 1.50%) continued to increase. By contrast, cost of information & financials dropped further (-0.40% vs -0.42%). Core consumer prices rose by 3.30% yoy, remaining close to its highest level in 3 years, compared to market forecasts of a 3.4% rise.On a monthly basis, consumer prices edged up 0.09% in November, rebounding from a 0.11% fall in October, and compared with consensus of a 0.16% gain.
2022-12-01
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