TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Inflation touches historic low in December
Indonesia’s consumer price index (CPI) rose 1.57 percent over the course of 2024, marking the slowest yearly increase since Statistics Indonesia (BPS) first published the economic indicator more than 60 years ago.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A vendor offers red chilies at Kramat Jati Market in East Jakarta on March 12, 2024. (Antara/Aprillio Akbar)
I
nflation in Indonesia has dropped to the lowest year-end rate ever recorded by the country’s statistics agency since it began tracking consumer prices more than 60 years ago.
Statistics Indonesia (BPS) official Pudji Ismartini said in a press conference on Thursday that last year’s consumer price index (CPI) growth of 1.57 percent broke the previous record of 1.68 percent registered in 2020.
“What can be said to be the main factor” behind the low inflation rate was decreasing food prices, Pudji added.
The reading, however, was marginally higher than the 1.55 percent year-on-year (yoy) CPI growth rate logged in November.
Pudji explained that the low 2024 reading was partly owed to deflation in red chili, as prices of the ingredient nosedived 46.53 percent from December 2023 to December 2024. Bird’s eye chili also saw strong deflation as prices dropped 39.74 percent yoy.
Pudji said the 2024 figure was the lowest yearly reading the agency had taken since it started surveying consumer prices in 1958, back when Jakarta was the sole city in the survey. The assessment has since expanded to cover 150 cities across all provinces.
