Indonesia Inflation Rate: 2022

2022:  Inflation Rate of 5.51%

December’s headline inflation rate was released at an annual rate of 5.51% (2021:1.87%, 2020: 1.68%, 2019: 2.72%).  Domestic demand for consumer goods, in 2022, has to face special supply issues along with the recovery period since the peak of COVID-19 cases the year before (in Chart 1). In addition, situations are common for all countries worldwide and most are giving unfavorable trend inflation rates.

Indonesia’s last year’s inflation rate is higher than the target rate set in July 2021, at ​​3±1%,3±1%, and 2.5±1%​, for the years 2022, 2023, and 2024, respectively.

Cheers,