Institute for Research on Economics and Society – Faculty of Economics and Business – University of Indonesia

Monthly Inflation Development: Macroeconomic Analysis Series, November 2023

November 2, 2023

Year-on-year (YoY) inflation in October 2023 was reported at 2,56% or an increase of 0,29% compared to annual inflation in September 2023. This shows that there has been a rebound after last month's decline. YoY inflation in October 2023 occurred in all sectors, the sectors with the highest YoY inflation values ​​this month were the food, beverage and tobacco sectors (5,41%) and foodstuffs (5,33%). YoY inflation in the energy sector experienced a greater decline, where in June 2023 inflation in the energy sector still reached double digits, but this month it was only 0,11%.

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