These latest data are no surprise. In fact, they were fully in line with our projection. Not only does Indonesia’s looming economic recession make it hard to post inflation (due to the big drop in demand), but also is September a month that typically brings deflation to Southeast Asia’s largest economy as food prices typically drop.

However, Indonesia’s annual headline inflation rate did accelerate to 1.42 percent year-on-year (y/y) because last year’s September deflation was higher.

Read the full article in our September 2020 report. You can order the report by sending an email to or message to +62(0)8.788.410.6944 (incl. WhatsApp).

Take a look inside the report!


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View a list of all our monthly reports here.

Take a Glance Inside the September 2020 Report: