ADB Projects Indonesia's Inflation to Rise to 3.6% in 2022

Economics & Macro

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Dzulfiqar Fathur Rahman 06/04/2022 14:30 WIB

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Indonesia's consumer price inflation is projected to reach 3.6% in 2022 and ease to 3% in 2023, according to the latest projections from the Asian Development Bank (ADB).

Indonesia's Annual CPI Inflation Average according to ADB (2020-2023)

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ADB Projects Indonesia's Inflation to Rise to 3.6% in 2022

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Indonesia's Annual CPI Inflation Average according to ADB (2020-2023)

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In its April 2022 edition of the *Asian Development Outlook 2022*, the Asian Development Bank (ADB) projects that Indonesia's consumer price index (CPI) inflation will average 3.6% throughout 2022.

This figure is higher than the ADB's December 2021 projection, which estimated Indonesia's average CPI inflation this year at 2.7%.

"Inflationary pressures could increase further this year amid the prolonged (Russia-Ukraine) war," the ADB wrote in its publication released on Wednesday (April 6).

The ADB's projection remains within Bank Indonesia (BI)'s 2022 inflation target range of 3% ± 1%.

The ADB expects inflationary pressures to ease, with the CPI averaging 3% in 2023.

Overall, average inflation in developing Asia is projected to reach 3.7% in 2022, 1 percentage point higher than the previous projection.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."