Indonesia's annual inflation inched up to 1.60 percent in September of 2021 but slightly below forecasts of 1.69 percent. This was the highest inflation rate since May, mainly due to a faster rise in prices of housing & utilities (0.40% vs 0.39%) and transport (0.74% vs 0.34%), amid loosening restrictions in some regions in Indonesia. Also, prices increased more for furnishings (2.04% vs 1.99%), food services & restaurant (2.67% vs 2.55%) and clothing and footwear (1.32% vs 1.04%). Meanwhile, prices continued to increase for both food, drinks and tobacco (3.20% vs 3.31%) and education (1.74% vs 2.26%). Conversely, prices of information, communication & financial dropped further (-0.02% vs -0.02%). Annual core inflation rate inched down to a 5-month low of 1.30 percent, in line with market forecasts. On a monthly basis, consumer prices edged down 0.04 percent in September, missing market consensus of a 0.01 percent gain, following a 0.03 percent rise in August. source: Statistics Indonesia
Inflation Rate in Indonesia averaged 9.11 percent from 1997 until 2021, 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 October of 2021.
Inflation Rate in Indonesia is expected to be 1.60 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 2.20 percent in 2022 and 3.00 percent in 2023, according to our econometric models.