Indonesia Inflation Rate

Last Release

Dec 31, 2024

Actual

1.57

Units In

1.55

Frequency

Monthly

Next Release

Jan 31, 2025

Time to Release

27 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
82.4 Sep 1998	-1.17 Mar 2000	8.41 %	1997-2024	Statistics Indonesia

In Indonesia, the consumer price index (CPI) is a measure of change over a specified period of time in the general level of prices of goods and services that a given population acquires, uses or pays for consumption. The CPI covers the urban population in the 44 provincial capital cities and regency capital cities in the country. The most important categories in Indonesia's CPI are Food, drinks and tobacco (25 percent of the total weight), Housing, water, electricity and household fuel (20.4 percent), Transportation (12.4 percent), and Food and beverage providers/Restaurant (8.7 percent). The index also includes: Household equipment, tools and routine maintenance (6 percent); Personal care and other services (5.9 percent); Information, communication and financial services (5.8 percent); Education (5.6 percent); and Clothing and footwear (5.4 percent). Health and Recreation, sports and culture account for the remaining 4.7 percent.

Latest Updates

Indonesia's annual inflation rate was at 1.57% in December 2024, little changed from November's over three-year low of 1.55%. The latest result was marginally below market expectations of 1.6% but remained within the central bank's target range of 1.5% to 3.5%. Prices continued to rise for most components: food (1.90% vs 1.68% in November), housing (0.59% vs 0.59%), furnishing (1.04% vs 1.08%), clothing (1.16% vs 1.20%), health (1.93% vs 1.65%), accommodation (2.48% vs 2.40%), education (1.94% vs 1.89%), and recreation & culture (1.17% vs 1.49%). On the other hand, transport costs fell after relatively being unchanged in November (-0.30% vs. 0.03%). Meanwhile, communication prices fell further (-0.27% vs. -0.28%). The core inflation, excluding administered and volatile food prices, held steady at 2.26%, staying at a 16-month high while fractionally falling short of the expected 2.28%. Monthly, consumer prices rose by 0.44%, marking the largest gain in 9 months, in line with forecasts.