While it is normal to see easing inflation in the first month of the year after peaking in December amid Christmas and New Year celebrations (during a holiday that also covers the first days of January), inflationary pressures were a bit on the mild side at the start of 2023. However, it remains at a level that does not necessitate concern over weakening purchasing power (amid elevated inflation and high interest rates).

Core inflation, which excludes the government administered and volatile food prices (and therefore is a good indicator of purchasing power), accelerated to 0.33 percent (m/m), from 0.14 percent (m/m) in the preceding month. However, on an annual basis core inflation eased from 3.36 percent (y/y) in December 2022 to 3.27 percent (m/m) in January 2023.


This is the introduction of the article. In case you want to read the full text you can order our January 2023 report. This report (an electronic report) can be ordered by sending an email to info@indonesia-investments.com or a message to +62.882.9875.1125 (including WhatsApp).

Take a glance inside the report here!

Price of the full January 2023 report:

Rp 99,000
USD $10,-
EUR €10,-