Indonesia: Inflation July 2023

Indonesia:  July Inflation Rate

Headline Inflation at 0.21% Month-on-Month (MoM)

 Indonesia’s headline inflation rate for July this year was released at a MoM rate of 0.21% (June: 0.14%), and a Year-On-Year (YoY) rate of 3.08% (June: 3.52). Inflation rates, for both headline and core (in Chart 1) have settled in the target span. The latest print contains short-term dynamics of consumer goods & service price changes (in Chart 2&3&4) that have been accommodated by the system.

Cheers,