Average inflation measured by CPI reached 3.85 % in 2020 in Indonesia, according to the National Statistical Office. This is 12,587 % more than in the previous year.
Historically, average inflation measured by CPI in Indonesia reached an all time high of 11.4 % in 1966 and an all time low of 0.030 % in 2019. When compared to Indonesia's main peers, average inflation measured by CPI in Australia amounted to 2.51 %, 2.55 % in Malaysia, 3.35 % in Philippines and 1.45 % in Singapore in 2020.
Indonesia has been ranked 68th within the group of 173 countries we follow in terms of average inflation measured by CPI, 2 places behind the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.