In simple terms, inflation is understood as a persistent, ongoing rise across a broad spectrum of prices. An increase in prices for one or two goods alone can’t be described as inflation unless that increase spreads to (or leads to escalating prices for) other goods. The reverse of inflation is deflation.
The indicator commonly used to measure the level of inflation is the Consumer Price Index (CPI). Changes in the CPI over time are indicative of price movements for packages of goods and services consumed by the public. Since July 2008, the packages of goods and services in the CPI basket have been based on the 2007 Cost of Living Survey conducted by the Statistics Indonesia (BPS). Following this, BPS monitors price movements for these goods and services in selected cities and towns each month, using information from traditional markets and modern retail outlets on specific categories of goods and services in each location.
Other inflation indicators used in international best practice include:
- Wholesale Price Index. The wholesale price for a commodity is the price of transactions taking place between the first wholesaler and the next largest trader for large quantities on the first market for a commodity. [More detailed explanations of the Wholesale Price Index can be found at the Statistics Indonesia (BPS) website: http://dds.bps.go.id/eng/]
- The Gross Domestic Product (GDP) Deflator illustrates the measurement of price levels for the final goods and services produced within an economy. The GDP Deflator is derived by dividing GDP based on nominal prices by GDP based on constant prices.
The inflation rate in Indonesia was recorded at 7.75 percent in February of 2014. Inflation Rate in Indonesia is reported by the Statistics Indonesia. Inflation Rate in Indonesia averaged 11.61 Percent from 1997 until 2014, reaching an all time high of 82.40 Percent in September of 1998 and a record low of -1.17 Percent in March of 2000. In Indonesia, the consumer price index is based on a survey conducted in 66 cities. The indicator consists of 774 commodities classified into 7 major groups. Housing, water, electricity, gas and fuel constitute 25.5 percent of total weight; Food stuff - 19.5 percent and Transportation, communication and financial services - 19 percent. Prepared food, beverage, cigarette and tobacco accounts for 16.5 percent of total weight; Education, recreation and sports accounts for 8 percent; Clothing for 7 percent and Medical care for the remaining 4.5 percent. This page provides - Indonesia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news
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indonesia inflation rate |
Tables and CPI Inflation in Indonesia in 2011 - 2014 by Month
BULAN
|
TAHUN 2011
|
TAHUN 2012
|
TAHUN 2013
|
TAHUN 2014
|
IHK
|
INFLASI
|
IHK
|
INFLASI
|
IHK
|
INFLASI
|
IHK
|
INFLASI
|
Jan
|
126.29
|
0.89
|
130.9
|
0.76
|
136.88
|
1.03
|
110.99
|
1.07
|
Feb
|
126.46
|
0.13
|
130.96
|
0.05
|
137.91
|
0.75
|
111.28
|
0.26
|
Mar
|
126.05
|
-0.32
|
131.05
|
0.07
|
138.78
|
0.63
|
N.A
|
N.A
|
Apr
|
125.66
|
-0.31
|
131.32
|
0.21
|
138.64
|
-0.1
|
N.A
|
N.A
|
Mei
|
125.81
|
0.12
|
131.41
|
0.07
|
138.6
|
-0.03
|
N.A
|
N.A
|
Jun
|
126.5
|
0.55
|
132.23
|
0.62
|
140.03
|
1.03
|
N.A
|
N.A
|
Jul
|
127.35
|
0.67
|
133.16
|
0.7
|
144.63
|
3.29
|
N.A
|
N.A
|
Agt
|
128.54
|
0.93
|
134.43
|
0.95
|
146.25
|
1.12
|
N.A
|
N.A
|
Sep
|
128.89
|
0.27
|
134.45
|
0.01
|
145.74
|
-0.35
|
N.A
|
N.A
|
Okt
|
128.74
|
-0.12
|
134.67
|
0.16
|
145.87
|
0.09
|
N.A
|
N.A
|
Nov
|
129.18
|
0.34
|
134.76
|
0.07
|
146.04
|
0.12
|
N.A
|
N.A
|
Des
|
129.91
|
0.57
|
135.49
|
0.54
|
146.84
|
0.55
|
N.A
|
N.A
|
Tahunan
|
|
3.79
|
|
4.3
|
|
8.38
|
|
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Indonesia Core inflation Rate
Core Inflation Rate in
Indonesia increased 4.57 percent in February of 2014 over the same month
in the previous year. Core Inflation Rate in Indonesia is reported by
the Statistics Indonesia. Core Inflation Rate in Indonesia averaged 4.66
Percent from 2008 until 2014, reaching an all time high of 8.29 Percent
in December of 2008 and a record low of 3.56 Percent in March of 2010.
In Indonesia, the core inflation rate tracks changes in prices that
consumers pay for a basket of goods which excludes some volatile price
items. This page provides - Indonesia Core Inflation Rate - actual
values, historical data, forecast, chart, statistics, economic calendar
and news.
|
indonesia core inflation rate |
In Indonesia, CPI inflation is disaggregated into:
1. Core Inflation, i.e. the persistent component within inflation movement, influenced by fundamentals such as
- Supply-demand interaction
- External environment: exchange rate, international commodity prices, trading partner inflation
- Trader and consumer expectations of inflation.
2. Non-Core Inflation, i.e. the inflation component marked by volatility due to the influence of non-fundamentals. The non-core components of inflation are:
- Volatile Foods:
Inflation predominantly influenced by shocks in the food stuffs category, such as harvests, Disruptions from natural events or movements in domestic food commodity prices and in