Indonesia Inflation Rate1997-2021 Data | 2022-2023 Forecast | Calendar | Historical

Indonesia's annual inflation increased to 1.52 percent in July of 2021 and slightly above forecasts of 1.45 percent, mainly due to a faster rise in prices of food, drinks and tobacco (2.74% vs 1.85%), housing & utilities (0.36% vs 0.30%), transport (0.25% vs 0.09%), amid imposing stricter restrictions in some regions in Indonesia. Also, prices increased more for furnishings (1.79% vs 1.78% in June), education (1.63% vs 1.61%), information, communication & financial services (0.02% vs 0.01%). Meanwhile, prices continued to rise for both food services & restaurant (2.59% vs 2.68%) and clothing and footwear (1.17% vs 1.18%). Annual core inflation rate inched down to 1.40 percent, but slightly above market forecasts of 1.38 percent. On a monthly basis, consumer prices edged up 0.08 percent in July, compared with market consensus of a 0.01 percent rise, rebounding from a 0.16 percent fall in June.

Indonesia's annual inflation declined to 1.33 percent in June of 2021, the lowest since last August and below forecasts of 1.41 percent, mainly due to a softer rise in prices of food, drinks and tobacco (1.85% vs 3.05%), after Ramadhan and Eid al-Fitr celebration. Also, prices increased less for transport (0.09% vs 0.85% in May), food services & restaurant (2.68% vs 2.73%) and clothing and footwear (1.18% vs 1.32%). Meantime, prices continued to rise for housing & utilities (0.30% vs 0.19%), furnishings (1.78% vs 1.59%), and education (1.61% vs 1.58%), while those of information, communication & financial services rebounded (0.01% vs -0.04%). Annual core inflation rate advanced to 1.49 percent, the highest since February, and slightly above market forecasts of 1.43 percent. On a monthly basis, consumer prices were down 0.16 percent in June, compared with market consensus of a 0.09 percent fall, the first monthly decline since last September.

Indonesia's annual inflation accelerated to 1.68 percent in May of 2021, the highest since last December and compared to forecasts of 1.67 percent, mainly due to a faster rise in prices of food, drinks and tobacco (3.05% vs 2.33%), amid Ramadhan and Eid al-Fitr celebration. Also, prices increased more for food services & restaurant (2.73% vs 2.35% in April), clothing and footwear (1.32% vs 0.89%), furnishings (1.59% vs 1.41%), and education (1.58% vs 1.57%). Meanwhile, prices continued to rise for both transport (0.85% vs 1.01%) and housing & utilities (0.19% vs 0.20%). By contrast, prices of information, communication & financial services fell slightly (-0.04% vs 0.03%). Annual core inflation rate advanced to 1.37 percent, the highest since February, and slightly above market forecasts of 1.28 percent. On a monthly basis, consumer prices were up 0.32 percent in May, matching market consensus.

Indonesia's annual inflation accelerated slightly to 1.42 percent in April of 2021, the highest since January and compared to forecasts of 1.46 percent, mainly due to a faster rise in prices of food, drinks and tobacco (2.33% vs 2.22%) and transport (1.01% vs 0.59%). At the same time, prices rose more for food services & restaurant (2.35% vs 2.32% in March), clothing and footwear (0.89% vs 0.73%), furnishings (1.41% vs 1.23%), and education (1.57% vs 1.56%), while prices of information, communication & financial services rebounded slightly (0.03% vs -0.31%). Meantime, prices of housing & utilities continued to increase (0.20% vs 0.22%). Annual core inflation rate declined to 1.18 percent, the lowest since the series began in 2008 and compared to forecasts of 1.22 percent. On a monthly basis, consumer prices inched up 0.13 percent in April.