Consumer Price Index of Indonesia: Mild Deflation, Yet Annual Inflation Accelerates in August 2023
![Consumer Price Index of Indonesia: Mild Deflation, Yet Annual Inflation Accelerates in August 2023](https://cdn.indonesia-investments.com/images/thumbs/small/Food-Vegetables-Market.jpg)
In line with our forecast, Indonesia recorded mild deflation in August 2023. Based on the latest data from Statistics Indonesia (BPS) Indonesian deflation was recorded at 0.02 percent month-on-month (m/m) in August 2023. But because deflation was milder than last year, Indonesia’s annual inflation accelerated to 3.27 percent (y/y).