Indonesia's annual inflation rate decreased to 2.72 percent in December 2019 from 3.0 percent in the previous month, below market expectations of 2.9 percent. This was the lowest inflation rate since March, as prices rose softer for: housing & utilities (1.75 percent vs 1.79 percent in November); foodstuff (4.28 percent vs 4.97 percent); transportation, communication & financial services (0.17 percent vs 0.87 percent); clothing (4.93 percent vs 4.96 percent); education, recreation & sport (3.25 percent vs 3.40 percent). On the other hand, prices increased faster for both prepared food, beverages, cigarette & tobacco (3.97 percent vs 3.91) and health (3.46 percent vs 3.37 percent). Annual core inflation fell to 3.02 percent, the lowest since October last year, below forecasts of 3.11 percent. On a monthly basis, consumer prices rose 0.34 percent in December, the highest since June, after a 0.14 percent gain in the prior month. Inflation Rate in Indonesia averaged 9.69 percent from 1997 until 2019, 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. source: Statistics Indonesia

Inflation Rate in Indonesia is expected to be 2.60 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 3.30 in 12 months time. In the long-term, the Indonesia Inflation Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.

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Indonesia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.72 3.00 82.40 -1.17 1997 - 2019 percent Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 04:00 AM Sep 3.39% 3.49% 3.52% 3.6%
2019-11-01 04:00 AM Oct 3.13% 3.39% 3.52% 3.3%
2019-12-02 04:00 AM Nov 3.0% 3.13% 3.06% 2.9%
2020-01-02 04:00 AM Dec 2.72% 3.0% 2.9% 2.6%
2020-02-03 02:00 AM Jan 2.72% 2.3%


News Stream
2019-12-02
Indonesia Inflation Rate at 7- Month Low of 3%
Indonesia's annual inflation rate decreased to 3.0 percent in November 2019 from 3.13 percent in the previous month, below market expectations of 3.06 percent. This was the lowest inflation rate since April, as prices rose softer for: housing & utilities (1.79 percent vs 1.91 percent in October); transportation, communication & financial services (0.87 percent vs 1.51 percent); clothing (4.96 percent vs 5.16 percent); education, recreation & sport (3.40 percent vs 3.43 percent), and health (3.37 percent vs 3.50 percent). On the other hand, prices increased faster for both foodstuff (4.97 percent vs 4.84 percent) and prepared food, beverages, cigarette & tobacco (3.91 percent vs 3.85). Annual core inflation fell to 3.08 percent, the lowest since April, below forecasts of 3.14 percent. On a monthly basis, consumer prices went up 0.14 percent in November, after 0.02 percent rise in the prior month.

2019-11-01
Indonesia Inflation Rate at 6-Month Low
Indonesia's annual inflation rate decreased to 3.13 percent in October 2019 from 3.39 percent in the previous month, below market expectations of 3.52 percent. This was the lowest inflation rate since April, as prices rose softer for: housing & utilities (1.91 percent vs 2.25 percent in September); foodstuff (4.84 percent vs 5.42 percent); transportation, communication & financial services (1.51 percent vs 1.85 percent); and clothing (5.16 percent vs 5.65 percent). On the other hand, prices increased faster for education, recreation & sport (3.43 percent vs 3.41 percent), health (3.50 percent vs 3.25 percent) and prepared food, beverages, cigarette & tobacco (3.85 percent vs flat reading). Annual core inflation fell to 3.2 percent, below forecasts of 3.29 percent. On a monthly basis, consumer prices edged up 0.02 percent in October, after 0.27 percent drop in the prior month.

2019-10-01
Indonesia Inflation Rate Eases to 3.39% in September
Indonesia's annual inflation rate increased to 3.39 percent in September 2019 from 3.49 percent in the previous month, slightly below market expectations of 3.52 percent. Prices increased softer for: foodstuff (5.42 percent vs 5.81 percent in August); housing & utilities (2.25 percent vs 2.37 percent); education, recreation & sport (3.41 percent vs 3.48 percent), and health (3.25 percent vs 3.34 percent). Meantime, prices rose faster for both transportation, communication & financial services (1.85 percent vs 1.80 percent) and clothing (5.65 percent vs 5.18 percent). On the other hand, prepared food, beverages, cigarette & tobacco inflation was steady (at 3.67 percent). Annual core inflation came in at 3.32 percent, the highest since February 2017, and above forecasts of 3.29 percent. On a monthly basis, consumer prices fell 0.27 percent in September, after 0.12 percent gain in the prior month, the first monthly decline since February.

2019-09-02
Indonesia Inflation Rises to Over 1-1/2-Year High of 3.49%
Indonesia's annual inflation rate increased to 3.49 percent in August 2019 from 3.32 percent in the previous month, slightly below market expectations of 3.54 percent. This was the highest inflation rate since December 2017, as prices increased faster for: foodstuff (5.81 percent vs 4.85 percent in July); clothing (5.18 percent vs 4.19 percent); education, recreation & sport (3.48 percent vs 3.30 percent), and health (3.34 percent vs 2.93 percent). On the other hand, inflation slowed for: housing & utilities (2.37 percent vs 2.40 percent); transportation, communication & financial services (1.80 percent vs 2.21 percent), and prepared food, beverages, cigarette & tobacco (3.67 percent vs 3.77 percent). Annual core inflation came in at 3.30 percent, the highest since March 2017, and above forecasts of 3.17 percent. On a monthly basis, consumer prices went up 0.12 percent in August, easing from a 0.31 percent gain in the prior month, the lowest since March.

2019-08-01
Indonesia Inflation Above Estimates in July
Indonesia's annual inflation rate inched higher to 3.32 percent in July 2019 from 3.28 percent in the previous month, slightly above market expectations of 3.27 percent. Prices increased at faster pace for: transportation, communication & financial services (2.21 percent vs 1.91 percent in June); clothing (4.19 percent vs 3.77 percent); and education, recreation & sport (3.30 percent vs 3.21 percent). On the other hand, inflation slowed for: housing & utilities (2.40 percent vs 2.42 percent); foodstuff (4.85 percent vs 4.91 percent); prepared food, beverages, cigarette & tobacco (3.77 percent vs 3.98 percent); and health (2.93 percent vs 3.02 percent). Annual core inflation came in at 3.18 percent, also above forecasts of 3.17 percent. On a monthly basis, consumer prices went up 0.31 percent in July, slowing from a 0.55 percent gain in the prior month.

2019-07-01
Indonesia Inflation Rate Above Estimates in June
Indonesia's annual inflation rate declined to 3.28 percent in June 2019 from 3.32 percent in the previous month, but above market expectations of 3.18 percent. Prices rose at softer pace for both transportation, communication & financial services (1.91 percent vs 3.58 percent in May) and health (3.02 percent vs 3.10 percent). On the other hand, cost rose further for: housing & utilities (2.42 percent vs 2.39 percent); foodstuff (4.91 percent vs 4.14 percent); prepared food, beverages, cigarette & tobacco (3.98 percent vs 3.79 percent); clothing (3.77 percent vs 3.31 percent); and education, recreation & sport (3.21 percent vs 3.20 percent). Annual core inflation rose to 3.25 percent in June, the highest since April 2017 and also above forecasts of 3.12 percent. On a monthly basis, consumer prices went up 0.55 percent in June, easing from a 0.68 percent gain in the prior month.


Indonesia Inflation Rate
In Indonesia, the consumer price index is based on a survey conducted in 66 cities. The indicator consists of 774 commodities classified into 7 major groups. Housing, water, electricity, gas and fuel constitute 25.5 percent of total weight; Food stuff - 19.5 percent and Transportation, communication and financial services - 19 percent. Prepared food, beverage, cigarette and tobacco accounts for 16.5 percent of total weight; Education, recreation and sports accounts for 8 percent; Clothing for 7 percent and Medical care for the remaining 4.5 percent.

Indonesia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.72 3.00 82.40 -1.17 percent [+]
Inflation Rate Mom 0.34 0.14 8.70 -0.45 percent [+]
Consumer Price Index CPI 139.07 138.60 139.07 19.00 points [+]
Core Consumer Prices 130.34 130.20 130.34 79.25 points [+]
Core Inflation Rate 3.02 3.08 8.29 2.58 percent [+]
GDP Deflator 144.30 144.91 264.61 95.07 points [+]
Producer Prices 167.65 167.33 167.95 0.58 points [+]
Export Prices 159.90 158.30 172.80 33.20 points [+]
Import Prices 149.80 149.45 153.10 34.74 points [+]
Food Inflation 4.28 4.97 138.12 -11.16 percent [+]
Producer Prices Change -0.44 0.93 153.43 -12.00 percent [+]
CPI Housing Utilities 133.33 133.21 133.33 38.32 points [+]
CPI Transportation 134.01 133.24 147.83 90.86 points [+]