Indonesia's June inflation rate was recorded at 1.03%. Components that contributed most to this increase were food (including instant foods), drinks, tobacco and housing (gas, water and electricity). The government's decision to raise the price of subsidized fuel last month already made an impact but it is expected that this impact will be heavier in the months ahead when more prices are revised upwards. On 22 June, prices of subsidized gasoline were raised by 44%, while prices of subsidized diesel were raised by 22%.
Inflation accumulated to 3,35 percent this calender year (January-June) and to 5,90 percent year on year. Core inflation, which excludes volatile products and administered price adjustments, increased 0.32 percent in June or 3.98 percent compared to the same month last year.
(annual percent change)
¹ year to date
Source: Statistics Indonesia