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

trade war
Indonesia recorded its first positive headline inflation in 2025 in March. Recorded at 1,03% (yoy), headline inflation increased from -0,09% (yoy) in the previous month. The return of inflation to positive territory largely reflects the end of the 50% electricity tariff discount that took place from January to February 2025. Inflation is expected to increase slowly as various...
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April inflation
Year-on-year (YoY) inflation in March 2025 was reported at 1,03% or lower compared to annual inflation in March 2024 which reached 3,05%. Furthermore, this month's inflation value was also higher than the previous month, February 2025 which reached -0,09%. The decrease in YoY inflation in March 2025 compared to February 2025 was driven by a decrease in prices in...
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Year-on-year (YoY) inflation in February 2025 was reported at -0,09% or lower compared to annual inflation in February 2024 which reached 2,75%. Furthermore, this month's inflation rate was also lower than the previous month, January 2025 which was 0,76%. The decrease in YoY inflation in February 2025 compared to January 2025 was driven by a decrease in prices in...
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February inflation
The opening of the year in January 2025 was greeted by an inflation rate of 0,76%. This figure is lower than January 2024 at 2,57%. The inflation that occurred in January 2025 on a year-on-year (YoY) basis was driven by price increases in several expenditure groups such as price increases in the personal care group and other types with a rate of 7,27%, food group,...
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inflation outlook
We observed a declining inflation rate trend throughout 2024, returning to Bank Indonesia's inflation target. Inflation reached its highest point in March 2024 at 3.05% and steadily decreasing, hitting 1.57% in December 2024. This is the lowest inflation rate in twenty decades, excluding the pandemic period of 2020-2021 and the post-pandemic years of 2022-2023 . The...
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December inflation
Year-on-year (YoY) inflation in November 2024 was reported at 1,55% or lower compared to annual inflation in November 2023 which reached 2,86%. Furthermore, this month's inflation rate was also lower than the previous month, October 2024 which was 1,71%. The decrease in YoY inflation in November 2024 compared to October 2024 was driven by a decrease in prices in...
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november interest rate
October 2024 marked a decline in headline inflation to 1,71% (yoy) from 1,84% (yoy) in the previous month. Headline inflation in October 2024 reached its lowest point since November 2021 and was relatively within Bank Indonesia's inflation target of 1,5% to 3,5%. The decline in inflation was driven by the regulated price group and the volatile price group. Core inflation slightly...
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