Indonesia's annual inflation rate dropped to an eleven-month low of 4.33% in April of 2023 from 4.97% in March and below the market consensus of 4.39%, with food prices rising the least in 13 months (4.58% vs 6.05%). The inflation rate stayed above the upper limit of the central bank's 2-4% target for the eleventh consecutive period. Prices moderated for housing (2.53% vs 2.74% in March), transport (11.96% vs 13.72%), furnishings (3.27% vs 3.72%), and accommodation/restaurant (3.79% vs 4.00%). At the same time, inflation was steady for education (at 2.75%). The cost accelerated for clothing (1.80% vs 1.18%) while falling further for information & financials (-0.25% vs -0.23%). Core inflation slowed to a ten-month low of 2.83% in April from 2.94% in March and slightly below forecasts of 2.89%. On a monthly basis, consumer prices were up 0.33% in April, the most in three months, after a prior 0.18% gain and compared to market consensus of a 0.37% increase. source: Statistics Indonesia
Inflation Rate in Indonesia averaged 8.79 percent from 1997 until 2023, 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 2023.
Inflation Rate in Indonesia is expected to be 4.10 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 3.10 percent in 2024 and 3.00 percent in 2025, according to our econometric models.