Indonesia's annual inflation rate quickened to 4.35% in June 2022 from 3.55% in May, above market consensus of 4.17% and breaching the central bank's target range of 2 to 4%. This was the highest reading since June 2017, with food prices jumping 6.23%, the most since November 2016, as consumption strengthened further with activities returning to normal following a drop in COVID-19 cases and a lift in mobility curbs. Additional upward pressures also came from cost of housing & utilities (2.14% vs 2.12% in May), transport (5.45% vs 4.77%), furnishings (4.77% vs 4.39%), food services & restaurant (3.67% vs 3.57%), education (1.69% vs 1.71%) and clothing (1.38% vs 1.10%). Meantime, cost of information, communication & financial dropped further (-0.23% vs -0.20%). Annual core inflation rate accelerated to a 25-month high of 2.63% from 2.58% in May, and compared to consensus of 2.72%. On a monthly basis, consumer prices were up 0.61% in June, surpassing forecasts of a 0.44% rise. source: Statistics Indonesia
Inflation Rate in Indonesia averaged 8.91 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 July 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.