On a monthly basis inflation was recorded at 0.45 percent (m/m) in December 2020, which is in fact higher than monthly inflation in the same month one year earlier (in the pre-COVID-19 crisis period). With the December data having come in, we now also can determine full-year inflation at 1.68 percent (y/y), the lowest annual figure in two decades (and it is certainly no coincidence that two decades ago Indonesia was also recovering from a crisis: the Asian Financial Crisis).


Inflation in Indonesia - Headline Consumer Price Index:

Month M/M Growth
      2018
M/M Growth
      2019
M/M Growth
      2020
January      0.62%      0.32%      0.39%
February      0.17%     -0.08%      0.28%
March      0.20%      0.11%      0.10%
April      0.10%      0.44%      0.08%
May      0.21%      0.68%      0.07%
June      0.59%      0.55%      0.18%
July      0.28%      0.31%     -0.10%
August     -0.05%      0.12%     -0.05%
September     -0.18%     -0.27%     -0.05%
October      0.28%      0.02%      0.07%
November      0.27%      0.14%      0.28%
December      0.62%      0.34%      0.45%
Total      3.13%          2.72%      1.68%

Source: Badan Pusat Statistik (BPS)

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Read the full article in the December 2020 report. This report can be ordered by sending an email to info@indonesia-investments.com or a message to +62.882.9875.1125 (including WhatsApp).

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