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.