Indonesia's annual inflation rate rose to 3.55% in May 2022 from 3.47% in April, compared with market consensus of 3.6%. This was the highest print since December 2017, with food prices rising 5.62%, the most since March 2020, as consumption strengthened sharply during the Eid-ul Fitr celebration. Additional upward pressures also came from cost of housing & utilities (2.12% vs 2.05% in April), furnishings (4.39% vs 4.23%), food services & restaurant (3.57% vs 3.47%), transport (4.77% vs 4.84%), education (1.71% vs 1.71%) and clothing (1.10% vs 1.83%). Meantime, cost of information, communication & financial fell further (-0.20% vs -0.22%). The headline index was within the central bank's target range of 2 to 4% for the fifth straight month. Annual core inflation rate was at 2.58%, compared with April’s 23-month high of 2.60% and consensus of 2.7%. On a monthly basis, consumer prices were up 0.4% in May, the least in 3 months and compared with forecasts of a 0.41% gain. source: Statistics Indonesia
Inflation Rate in Indonesia averaged 8.93 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 June of 2022.
Inflation Rate in Indonesia is expected to be 4.20 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.