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Global · Inflation & data · Source: bps.go.id · News archive (older than 3 days)
Indonesia's annual inflation eases to 3.23% in October as core rate stays lower
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Summary: Consumer prices in Indonesia rose 3.23% in the year to October, slightly slower than in September, according to BPS-Statistics Indonesia. Core inflation, which excludes volatile food and government-set prices, was lower at 2.56%.
What happened
BPS reported on 2 November that annual CPI inflation was 3.23% in October, with the consumer price index at 112.56. Prices rose 0.22% from September, and inflation since the start of the year reached 2.40%. Core inflation was 2.56% on the year and 0.12% on the month.
Reuters, as published by Kontan, reported that September's annual rate was 3.28% and that economists it polled had expected 3.29% for October and 2.75% for core. Ateng Hartono, BPS deputy chief, said the main drivers were food prices, including chilli, rice and beef, together with higher transport fares caused by fuel price rises, according to the same report.
Price increases varied widely by region. BPS recorded the highest annual rate among provinces in North Sulawesi, at 8.07%, and the lowest in Jakarta, at 2.52%.
Background
According to Reuters, Bank Indonesia's inflation target band is 1.5% to 3.5% for 2026 and 2027, and the central bank raised its benchmark rate by a total of 100 basis points between May and June to support the rupiah and anchor inflation. The annual rate has moved within a fairly wide range this year: BPS data show 4.76% in February and 2.42% in April.
Why it matters for markets and crypto
Indonesia is one of the largest emerging economies, and its inflation path guides Bank Indonesia's interest-rate decisions and the strength of the rupiah. Food and fuel prices are a channel through which global energy shocks reach households in emerging markets. This data relates to the wider economy and does not express a view on any asset.
What to watch next
- 17–18 November 2026: Bank Indonesia's monthly Board of Governors meeting, with the policy decision on the second day, per the central bank's published schedule.
- Next BPS release: November inflation figures, in BPS's next monthly CPI release.
Sources
- BPS-Statistics Indonesia, "Inflasi year-on-year (y-on-y) pada Oktober 2026 sebesar 3,23 persen" (official statistics release, Indonesian), 2 November 2026
- Kontan (Reuters), "Indonesia October Inflation Eases Slightly to 3.23% y/y", 2 November 2026
- Bank Indonesia, "Bank Indonesia Tetapkan Jadwal Rapat Dewan Gubernur Bulanan Tahun 2026" (Board of Governors meeting schedule, Indonesian), 22 December 2025
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