Inflation in Indonesia
Indonesia - Inflation
Inflation comes in at highest level in nearly seven years in July
Consumer prices rose 0.64% over the previous month in July, picking up from the 0.61% rise recorded in June. The acceleration was broad-based, with greater price pressures recorded for clothing and footwear, housing, water, electricity and household fuels, and transport.
Inflation came in at 4.9% in July, which was up from June’s 4.3%. July's figure represented the highest inflation rate since October 2015. Annual average inflation edged up to 2.6% in July (June: 2.4%). Lastly, core inflation rose to 2.9% in July, from June’s 2.6%.
FocusEconomics panelists project inflation of 3.8% in 2022, which is up 0.1 percentage points from last month’s forecast. In 2023, inflation is seen averaging 3.6%.
Indonesia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.4||3.5||3.8||3.3||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Inflation Chart
Source: Statistics Indonesia.
|Bond Yield||7.10||-0.05 %||Dec 31|
|Exchange Rate||13,883||0.05 %||Jan 01|
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August 10, 2022
Retail sales increased 8.7% year on year in July (June: +4.1% yoy).
August 5, 2022
GDP growth gained steam to 5.4% year on year in the second quarter, from 5.0% in the first quarter.
August 2, 2022
Consumer prices rose 0.64% over the previous month in July, picking up from the 0.61% rise recorded in June.
August 1, 2022
The Manufacturing Purchasing Managers’ Index (PMI), produced by S&P Global, increased to 51.3 in July from 50.2 in the month prior.
July 21, 2022
At its monetary policy meeting on 20–21 July, Bank Indonesia (BI) decided to leave the seven-day reverse repo rate at the all-time low of 3.50%—where it has been since February 2021—in line with market expectations.