Based on the latest data released by Indonesia’s Statistical Agency (in Indonesian: Badan Pusat Statistik or BPS), inflation was quite mild for Indonesia at 0.08 percent month-on-month (m/m) in July 2021, implying that demand is still lackluster across Indonesian society where there remains limited room for rising economic activity due to the tighter social and business restrictions (PPKM Level 3-4) in the economic centers.

Still, despite the tougher conditions, it did not lead to deflation. Core inflation too, which excludes energy and volatile food prices, remained positive at 0.05 percent (m/m) in July 2021.


The full article is available in our July 2021 report. This report can be ordered by sending an email to or a message to +62.882.9875.1125 (including WhatsApp).

Price of this (electronic) report:

Rp 150,000
USD $10,-
EUR €10,-

Take a glance inside the report here!