Inflation Indonesia 2004
Average inflation: 6.1%
Current Inflation
Inflation is very high at 6.1%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 7.3%. The lowest inflation was in February at 4.5%.
- Highest month
- July: 7.3%
- Lowest month
- February: 4.5%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.9% lower than the 5-year average of 8.0%.
- 5-year average
- 8%
- 10-year average
- 14.6%
- All-time high (1998)
- 58%
- All-time low (2000)
- 3.7%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- January: -3.9 percentage points
ECB Target
Inflation is 4.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 4.8% | -3.9 |
| February | 4.5% | -3.1 |
| March | 5.1% | -2.0 |
| April | 5.9% | -1.7 |
| May | 6.5% | -0.6 |
| June | 6.8% | -0.1 |
| July | 7.3% | +1.1 |
| August | 6.6% | 0.0 |
| September | 6.2% | -0.1 |
| October | 6.2% | -0.2 |
| November | 6.2% | +0.7 |
| December | 6.5% | +1.3 |
| Average | 6.1% |
Data source
Data from OECD. Last updated: 20/12/2025.