Indonesia - Consumer Price Index (CPI)





Indonesia: Consumer Price Index (CPI)

Mnemonic CPI.IIDN
Unit Index 2022=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.37 %
Data Feb 2024 105.58
Jan 2024 105.19

Series Information

Source Statistics Indonesia of the Republic of Indonesia
Release Consumer Price Index
Frequency Monthly
Start Date 1/31/1968
End Date 2/29/2024

Indonesia: Price

Reference Last Previous Units Frequency
Consumer Price Index (CPI) Feb 2024 105.58 105.19 Index 2022=100, NSA Monthly
Wholesale Price Index Feb 2024 118.6 117.74 Index 2018=100, NSA Monthly

Release Information

For Indonesia, the consumer price index measures the pure price change in a selected basket of goods and services (of constant quantity and quality) typically purchased by Indonesian households. The index is compiled as a fixed, base-weighted price index of the Laspeyres form.

Active:

  • Classification: Not stated, but appears to be a re-aggregation of the 12 divisions of UN COICOP 1999
  • Measurements: 
    • Fixed-base index relative to 2022 (Index 2022=100)
    • Percent change year-over-year (% Y/Y)
    • Percent change month-over-month (% M/M)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start dates: 
    • 2009m1
    • 2023m1
  • Geo coverage: Country

Predecessors:

  • 2018=100 - 2019m1 to 2023m12 (archive specifier "_18")
  • 2012=100 - 2013m1 to 2019m12 ("_12")
  • 2007=100 - 2002m1 to 2013m12 ("07")
  • 2002=100 - 2002m1 to 2008m7 ("02")
  • 1996=100 - 2001m8 to 2003m12 ("96")

Global concept aliases:

  • CPI.IIDN

The source writes:

The price data is collected throughout the reference month for use in that month’s results. Calsulations generally consists of two methods verification, first, verification for the prices by comparing relative price of one item to the other, second, verification of process by combining index of country level obtained by using the city weight based on the number of households in each city.

Since January 2020, CPI has been based on a consumption pattern obtained from 2018 Cost of Living Survey in 90 cities.

Core Inflation, namely the persistent component within inflation movements, which is influenced by economic fundamentals, including: Supply-demand interaction;
External environment: exchange rate: international commodity prices, inflation in trading partner countries; Inflation expectations amongst merchants and consumers.

Non-core inflation, namely inflation components with higher volatility due to the influence of non-fundamental factors. 

The components of non-core inflation are:

Volatile Foods: VF inflation is predominantly influenced by shocks in the foodstuffs’ category, such as harvests, natural disruptions or domestic and international food price developments.

Administered Prices: AP inflation is mainly influenced by government price policy on subsidised fuel, electricity rates, transportation fares and so on.

Moody's Analytics supplements

For analytic convenience, we have:

  • Back-extended the history of the reported NSA all-items index
  • Constructed an SA counterpart
  • Constructed the year-over-year growth rate
  • For core and non-core inflation, constructed a fixed-base index in NSA and SA terms

Potentially, but not usually.

For each vintage, the Y/Y variant starts one year after the index variant.

For non-core inflation measures, the source's labels are inconsistent. The data file and methodology refer to "volatile goods" and "volatile foods (VF)" respectively.

The Core CPI series has definitional breaks. In effect it splices several series with different base years:

  • 2007=100 from 2009m1 to 2013m3
  • 2012=100 from 2014m1 to 2019m12
  • 2018=100 from 2020m1 to present

Further reading

At the source:

At IMF (SDDS):

  • Sep 2005 - Initial version.
  • Jan 2009 - Rebased from 2002 to 2007.
  • Aug 2012 - Addendum of Moody's Analytics supplements.
  • Feb 2014 - Rebased to 2012.
  • Mar 2020 - Rebased to 2018.
  • 19 Apr 2023, Jacky Cheung - Added core and non-core CPI.
  • 15 Feb 2024, Phillip Thorne - Rebased to 2022: Properties.