According to data from Statistics Indonesia (BPS) compiled by Databoks, Indonesia's annual general inflation has fluctuated with a downward trend during the period 2005-2024.
Bank Indonesia (BI) defines inflation as a general and continuous increase in the prices of goods and services over a certain period.
Inflation also refers to a widespread price increase that causes the prices of other goods to rise as well. In contrast, a price increase that applies to only one or two items is not categorized as inflation.
In the last 20 years, Indonesia's highest annual general inflation occurred in 2005, reaching 17.11%, while the lowest was in 2024, at 1.57%.
If reviewed over the last 10 years, Indonesia's highest annual general inflation was in 2022, during the Covid-19 pandemic, reaching 5.51%.
More complete data on Indonesia's annual general inflation since 1979 can be accessed at Data Series Databoks.