Inflation Indonesia 2024
Average inflation: 2.3%
Current Inflation
Inflation is normal at 2.3%, around the ECB target.
Peak and Trough
The highest inflation was in March at 3.0%. The lowest inflation was in November at 1.6%.
- Highest month
- March: 3.0%
- Lowest month
- November: 1.6%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is around the 5-year average of 2.7%.
- 5-year average
- 2.7%
- 10-year average
- 3.4%
- All-time high (2006)
- 13.3%
- All-time low (2021)
- 1.6%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- February: -2.7 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €102.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 2.6% | -2.7 |
| February | 2.8% | -2.7 |
| March | 3.0% | -2.0 |
| April | 3.0% | -1.3 |
| May | 2.8% | -1.2 |
| June | 2.5% | -1.0 |
| July | 2.1% | -1.0 |
| August | 2.1% | -1.2 |
| September | 1.8% | -0.5 |
| October | 1.7% | -0.9 |
| November | 1.6% | -1.3 |
| December | 1.6% | -1.0 |
| Average | 2.3% |
Data source
Data from OECD. Last updated: 20/12/2025.