Indonesia's annual inflation rate dropped to 1.54 percent in July 2020, the lowest since May 2000 and below market expectations of 1.66 percent, as restriction measures imposed by the government to halt the rapid spread of COVID-19 led consumers to stay at home. Prices rose at a softer pace for housing & utilities (0.93% vs 1.12% in June), food, drinks, tobacco (1.73% vs 3.03%), food services & restaurant (2.57% vs 2.96%), recreation, sport & culture (1.26% vs 1.42%), furnishings (1.52% vs 1.66%) and education (2.66% vs 3.66%). On the other hand, prices fell further for both transport (-0.71% vs -1.37%) and information, communication & financial services (-0.31% vs -0.30%). Annual core inflation went down to 2.07 percent, the lowest since the series began in December 2008, from 2.26 percent in June, and below forecasts of 2.11 percent. On a monthly basis, consumer prices edged down 0.1 in July, the first decline since September last year.
Inflation Rate in Indonesia averaged 9.50 percent from 1997 until 2020, 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 2020. source: Statistics Indonesia
Inflation Rate in Indonesia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Indonesia to stand at 3.70 in 12 months time. In the long-term, the Indonesia Inflation Rate is projected to trend around 3.70 percent in 2021 and 3.80 percent in 2022, according to our econometric models.