Indonesia Inflation: October 2022

October’s monthly deflation unexpected

Indonesia’s Consumer Price Index (CPI) for October, released on Tuesday (11/1), points to 112.75 index points (pt),  lower as compared to that in September at 112.87pt. October’s monthly headline deflation at 0.11% came in as a pleasant surprise as a consensus estimate for October’s CPI would come in at monthly headline inflation of 0.08% (September: 1.17%).

On an annual basis, the CPI rate in October shows a headline inflation rate of 5.71% which came up also better than the consensus estimate of 5.95% (September: 5.95%).

Cheers,