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Indonesia's June annual inflation accelerates to 3.34%

Created at 1 Jul · 4:15 AM1 source↑ Market-relevant
IN SHORT

Indonesia's annual inflation rate increased to 3.34% in June, up from 3.08% in May, exceeding market expectations. The figure remains within Bank Indonesia's target range of 1.5% to 3.5%.

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Key Numbers

3.34%Indonesia's annual inflation rate in June
3.08%Indonesia's annual inflation rate in May
3.20%Reuters poll median forecast for June inflation
1.5% to 3.5%Bank Indonesia's inflation target range
0.44%Monthly CPI increase in June
0.28%Monthly CPI increase in May

Who's Involved

Bank Indonesia
Central bank targeting inflation within 1.5% to 3.5%
Statistics Indonesia
Released the June inflation data

↳ Why This Matters

The acceleration in inflation, while still within the central bank's target, could influence future monetary policy decisions by Bank Indonesia, potentially impacting borrowing costs and economic growth.

Key facts

  • Indonesia's annual inflation rate accelerated to 3.34% in June.
  • This is an increase from 3.08% in May.
  • The June inflation rate surpassed market expectations of 3.2%.
  • The rate remains within Bank Indonesia's target range of 1.5% to 3.5%.

Indonesia's annual inflation rate accelerated to 3.34% in June, an increase from 3.08% in the previous month, according to data released on Wednesday. This figure surpassed the median forecast of 3.20% in a Reuters poll and moved closer to the upper limit of Bank Indonesia's target range of 1.5% to 3.5%. On a monthly basis, consumer prices rose by 0.44%, accelerating from a 0.28% increase in May and exceeding forecasts of a 0.3% gain. This marked the strongest monthly inflation reading since February. The statistics bureau is scheduled to release June core inflation and May trade data later on Wednesday.

Frequently asked questions

Indonesia's annual inflation rate accelerated to 3.34% in June.

It is an increase from 3.08% in May.

No, it exceeded the Reuters poll median forecast of 3.20%.

Bank Indonesia targets inflation within a range of 1.5% to 3.5%.

What Happens Next

01Statistics bureau to release June core inflation data.
02Statistics bureau to release May trade data.

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How It Developed

Indonesia's annual inflation rate accelerated to 3.34% in June.
The June inflation rate was higher than the 3.08% recorded in May.
The figure exceeded the median forecast of 3.20% in a Reuters poll.
The latest result remained within the upper end of Bank Indonesia's target range of 1.5% to 3.5%.

Sources

T1
Indonesia's June annual inflation accelerates to 3.34%Reuters
T2
Indonesia Inflation Rate - TRADING ECONOMICStradingeconomics.com
T2
Indonesia June Inflation Rate Accelerates to 1.87%tradingeconomics.com

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