Inflation Indonesia 2023
Average inflation: 3.7%
Current Inflation
Inflation is high at 3.7%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 5.5%. The lowest inflation was in September at 2.3%.
- Highest month
- February: 5.5%
- Lowest month
- September: 2.3%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.8% higher than the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 3.8%
- All-time high (2006)
- 13.3%
- All-time low (2021)
- 1.6%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -0.5 percentage point.
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- September: -3.7 percentage points
ECB Target
Inflation is 1.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 5.3% | +3.1 |
| February | 5.5% | +3.4 |
| March | 5.0% | +2.4 |
| April | 4.3% | +0.8 |
| May | 4.0% | +0.4 |
| June | 3.5% | -0.8 |
| July | 3.1% | -1.8 |
| August | 3.3% | -1.4 |
| September | 2.3% | -3.7 |
| October | 2.6% | -3.1 |
| November | 2.9% | -2.5 |
| December | 2.6% | -2.9 |
| Average | 3.7% |
Data source
Data from OECD. Last updated: 20/12/2025.