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.