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Inflation in Indonesia
Indonesia experienced moderate inflation between 2013 and 2022. The country's central bank, Bank Indonesia, effectively used monetary policy tools to manage inflation pressures arising from commodity price fluctuations and global economic conditions, including the COVID-19 pandemic.
Consumer price inflation in Indonesia averaged 4.1% in the ten years to 2022, above the Asia-Pacific regional average of 2.1%. The inflation rate for 2022 was 4.2%. For more inflation information, visit our dedicated page.
Indonesia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Indonesia from 2019 to 2018.
Source: Macrobond.
Indonesia Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.8 | 2.0 | 1.6 | 4.2 | 3.7 |
| Inflation (CPI, ann. var. %, eop) | 2.6 | 1.7 | 1.9 | 5.5 | 2.8 |
| Inflation (Core, ann. var. %, aop) | 3.2 | 2.3 | 1.4 | 2.7 | 2.4 |
| Inflation (WPI, ann. var. %, aop) | 1.1 | 2.4 | 2.6 | 4.7 | 4.2 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indonesian inflation projections for the next ten years from a panel of 39 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Indonesian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian inflation projections.
Want to get access to the full dataset of Indonesian inflation forecasts? Send an email to info@focus-economics.com.
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