Inflation:
MoM:-0.76%
YoY: 0.76%
Core Inflation:
MoM: 0.30%
YoY: 2.36%
Volatile Food:
MoM: 2.95%
YoY: 3.07%
Administered Price :
MoM:-7.38%
YoY:-6.41%

Indonesia’s Consumer Price Index (CPI) decreased to 0.76% YoY in January 2025 from 1.57% YoY in December 2024, recording its lowest level since 2000. This inflation rate was lower than the consensus forecast of 1.88%. Core inflation increased to 2.36% YoY in January 2025 from 2.26% YoY in December 2024. Commodities contributing to core inflation included jewelry, cooking oil, ground coffee, and rice with side dishes. Meanwhile, the volatile food group experienced inflation of 3.07% YoY in January 2025, up from 0.12% YoY in December 2024, primarily due to price increases in red chilies, bird’s eye chilies, and fresh fish. Government-regulated prices experienced deflation of 6.41% YoY in January 2025 from inflation of 0.56% YoY in December 2024, with significant contributions from electricity tariffs, airfare, and railway fares.

By PHINTRACO SEKURITAS | Research
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