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.
RI’s inflation ‘source of envy’ for ASEAN, G20 countries, says Sri Mulyani
Sri Mulyani said that Indonesia’s inflation rate was at a “very low level” and was “a source of envy” for ASEAN and G20 countries.
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!
Touting economic growth: Indonesia's Finance Minister Sri Mulyani Indrawati delivers her speech during the Mandiri Investment Forum in Jakarta, on Feb. 11, 2025. (Reuters/Willy Kurniawan)
Finance Minister Sri Mulyani Indrawati has said that Indonesia’s inflation rate is at a desirable position for ASEAN and the Group of 20 (G20) member states as she boasted of the archipelago’s strong economic indicators.
Speaking at the Mandiri Investment Forum 2025 on Tuesday, which was attended by international investors, Sri Mulyani said that Indonesia’s inflation rate was at a “very low level” and was “a source of envy” for ASEAN and G20 countries.
Indonesia’s inflation rate of 0.76 percent year-on-year (yoy) in January is the second lowest in the ASEAN region after Brunei Darussalam, according to the latest data from Trading Economics.
Among G20 countries, only China and Switzerland registered lower consumer price index (CPI) growth than Southeast Asia’s largest economy.
“I feel like [in] the past 10 years, we always look [to] other countries. Indonesia is always higher in terms of inflation [but] today we are lower,” said the minister.
She said that in order to control inflation, Indonesia has relied not only on the “traditional” method of monetary policy, but also on “non-conventional” methods via fiscal tools.
Indonesia’s central government has been giving out fiscal incentives to regional governments that managed to rein in inflation growth and it is also actively intervening to control the prices of certain staples in the market, which often become the largest inflation driver.
