Indonesia's Inflation Rate Falls to 2.51% in June 2024

Economics & Macro

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Erlina Fury Santika 01/07/2024 14:14 WIB

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Indonesia's inflation rate reached 2.51% year-on-year (yoy) in June 2024, according to BPS (Statistics Indonesia). Month-on-month, there was a deflation of 0.08%.

Indonesia's Annual Inflation (May 2020-June 2024)

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Indonesia's Inflation Rate Falls to 2.51% in June 2024

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Indonesia's Annual Inflation (May 2020-June 2024)

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The Central Statistics Agency (BPS) reported that Indonesia's inflation was 2.51% year-on-year (yoy) in June 2024.

This inflation figure decreased by 0.33 percentage points from May 2024, which was 2.84% (yoy). June 2024's inflation also fell by 1.01 percentage points compared to June 2023, which was 3.52% (yoy).

Month-to-month (mtm), there was a deflation of 0.08% in June 2024. The year-to-date (ytd) inflation rate was 1.07% as of June 2024.

BPS added that the annual core inflation rate for June 2024 was 1.90%; mtm inflation was 0.10%; and ytd inflation was 1.14%.

(Read also: [This is the Target for Economic Growth and Inflation in the 2025 State Budget Macroeconomic Assumptions](https://databoks.katadata.co.id/datapublish/2024/06/21/ini-target-pertumbuhan-ekonomi-dan-inflasi-dalam-asumsi-makro-apbn-2025))

The province with the highest annual inflation was Papua Pegunungan, at 5.65% (yoy) in June 2024.

BPS stated that the annual inflation occurred due to price increases indicated by the rise in most expenditure group indices. The details are as follows:

* Food, beverages, and tobacco: 4.95%;
* Clothing and footwear: 1.09%;
* Housing, water, electricity, and household fuel: 0.47%;
* Household furnishings, equipment, and routine maintenance: 0.95%;
* Health: 1.89%;
* Transportation: 1.61%;
* Recreation, sports, and culture: 1.50%;
* Education: 1.69%;
* Food and beverage services/restaurants: 2.31%;
* Personal care and other services: 5.24%.

Meanwhile, the expenditure group that experienced a decrease in the index was information, communication, and financial services, at -0.18%.

(Read also: [Indonesia's Annual Inflation Eases in May 2024](https://databoks.katadata.co.id/datapublish/2024/06/04/inflasi-tahunan-indonesia-melandai-pada-mei-2024))

Editor : Erlina Fury Santika

"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."