Indonesia: Inflation rises in December from November
Latest reading: Consumer prices rose 2.9% in annual terms in December, following a 2.7% increase in the prior month. December’s reading was the strongest since April 2024.
Relative to the prior month’s figures, there were higher price pressures for transport (+1.2% in annual terms vs +0.7% in November) and food, beverages and tobacco (+4.6% vs +4.2% in November). In contrast, price pressures reduced for clothing and footwear in December (+0.7% vs +0.8% in November). Finally, the changes in housing, water, electricity and household fuels and recreation and entertainment were the same as in the prior month (+1.6% and +1.2%, respectively).
Meanwhile, core consumer prices rose 2.4% on a year-on-year basis in December, unchanged from the prior month’s reading.
Lastly, consumer prices increased 0.64% in December in month-on-month terms, following a 0.17% rise in the prior month.