Indonesia's annual inflation rate declined to 2.67 percent in April 2020, the lowest since March last year and below market expectations of 2.77 percent, as the restriction measures imposed by the government to halt the rapid spread of COVID-19 led consumers to stay at home. Prices rose at a softer pace for housing & utilities (1.22 percent vs 1.32 percent in March), food, drinks, tobacco (5.28 percent vs 6.15 percent), food services & restaurant (3.99 percent vs 4.01 percent), recreation, sport & culture (1.56 percent vs 1.61 percent), furnishings (2.49 percent vs 2.62 percent) and education (3.75 percent vs 3.77 percent). In addition, cost fell for transport (-1.78 percent vs -1.09 percent) and information, communication & financial services (-0.37 percent vs -0.12 percent). Annual core inflation edged down to 2.85 percent from 2.87 percent, below forecasts of 2.9 percent. On a monthly basis, consumer prices rose 0.08 percent in April, the least since October 2019.

Inflation Rate in Indonesia averaged 9.58 percent from 1997 until 2020, 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 May of 2020. source: Statistics Indonesia

Inflation Rate in Indonesia is expected to be 2.10 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 3.70 in 12 months time. In the long-term, the Indonesia Inflation Rate is projected to trend around 3.70 percent in 2021 and 3.80 percent in 2022, according to our econometric models.

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Indonesia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.67 2.96 82.40 -1.17 1997 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-03 04:00 AM Jan 2.68% 2.72% 2.86% 2.8%
2020-03-02 04:00 AM Feb 2.98% 2.68% 2.86% 2.9%
2020-04-01 04:00 AM Mar 2.96% 2.98% 2.96% 3.1%
2020-05-04 04:00 AM Apr 2.67% 2.96% 2.77% 2.9%
2020-06-02 04:00 AM May 2.67% 2.15% 2.3%
2020-07-01 04:00 AM Jun 1.9%
2020-08-03 04:00 AM Jul
2020-09-01 04:00 AM Aug


News Stream
Indonesia Inflation Rate Slows to 13-Month Low
Indonesia's annual inflation rate declined to 2.67 percent in April 2020, the lowest since March last year and below market expectations of 2.77 percent, as the restriction measures imposed by the government to halt the rapid spread of COVID-19 led consumers to stay at home. Prices rose at a softer pace for housing & utilities (1.22 percent vs 1.32 percent in March), food, drinks, tobacco (5.28 percent vs 6.15 percent), food services & restaurant (3.99 percent vs 4.01 percent), recreation, sport & culture (1.56 percent vs 1.61 percent), furnishings (2.49 percent vs 2.62 percent) and education (3.75 percent vs 3.77 percent). In addition, cost fell for transport (-1.78 percent vs -1.09 percent) and information, communication & financial services (-0.37 percent vs -0.12 percent). Annual core inflation edged down to 2.85 percent from 2.87 percent, below forecasts of 2.9 percent. On a monthly basis, consumer prices rose 0.08 percent in April, the least since October 2019.
2020-05-04
Indonesia Inflation Rate Edges Down to 2.96% in March
Indonesia's annual inflation rate inched lower to 2.96% in March 2020 from 2.98% in February, matching market expectations. Prices softened for: housing & utilities (1.32% vs 1.38%); recreation, sport & culture (1.61% vs 1.73%); furnishings (2.62% vs 2.71%). In addition, cost fell more for transport (-1.09% vs -0.31%); information, communication & financial services (-0.12% vs -0.06%).Meanwhile, prices increased faster for: food, drinks, tobacco (6.15% vs 6.02%), especially due to shortages of garlic and sugar, and also reflecting the recent increase of excise tax rate on tobacco products. Also, inflation accelerated for personal care & other services (5.40% vs 4.64%); food services & restaurant (4.01% vs 3.79%).On ther other hand, education inflation was steady (at 3.77%). Annual core inflation rose to 2.87% from 2.76%, above forecasts of 2.79 percent. On a monthly basis, consumer prices rose 0.10% in March, the least since October 2019, after a 0.28% gain in February.
2020-04-01
Indonesia February Inflation Rate Rises to 3-Month High
Indonesia's annual inflation rate quickened to 2.98% in February 2020 from 2.68% in January, above market expectations of 2.86%. It was the highest inflation rate since last November, pushed up by prices of food, drinks, tobacco (6.02% vs 4.31%), especially due to shortages of garlic and also reflecting the recent increase of excise tax rate on tobacco products. Meanwhile, prices softened for housing & utilities (1.38% vs 1.60%); personal care & other services (4.64% vs 4.71%); recreation, sport & culture (1.73% vs 1.80%); furnishings (2.71% vs 2.81%); education (3.77% vs 3.81%), food services & restaurant (3.79% vs 3.97%). Also, cost fell for transport (-0.31% vs 0.05%) and information, communication & financial services (-0.06% vs -0.11%). Annual core inflation fell to 2.76% from 2.88%, the lowest since June 2018, below forecasts of 2.85 percent. On a monthly basis, consumer prices rose 0.28% in February, the least since November 2019, after a 0.39% gain in the prior month.
2020-03-02
Indonesia Inflation Rate Slows to 10-Month Low
Indonesia's annual inflation rate declined to 2.68 percent in January 2020 from 2.72 percent in the previous month, below market expectations of 2.86 percent. Still, it was the lowest inflation rate since March last year. Main upward pressure came from prices of food, drinks, tobacco (4.32 percent); housing & utilities (1.60 percent) and personal care and other services (4.71 percent). Meanwhile, inflation came in at 0.05 percent for transport while cost dropped for information, communication and financial services (-0.11 percent). Annual core inflation fell to 2.88 percent, the lowest since September last year, below forecasts of 3 percent. On a monthly basis, consumer prices rose 0.39 percent in January, the highest since June, after a 0.34 percent gain in the prior month.
2020-02-03

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.