Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Indonesia
- 1966↑ Upward pressure
Hyperinflation and the fall of Sukarno ↗ — Wikipedia (opens in a new tab)
The economic collapse of the late Sukarno era drove annual inflation above 1,000% in 1966. Suharto's New Order stabilisation then brought price growth down sharply from 1967.
- 1998↑ Upward pressure
The Asian crisis and the rupiah collapse ↗ — Wikipedia (opens in a new tab)
The rupiah lost most of its value during the Asian financial crisis, and pass-through to import prices drove inflation to nearly 59% in 1998 as Suharto fell.
- 2005↑ Upward pressure
The 2005 fuel-subsidy cut ↗ — Wikipedia (opens in a new tab)
The government sharply reduced fuel subsidies, roughly doubling administered petrol and diesel prices. Transport and energy costs spiked, lifting inflation above 10% in 2005.
- 2022↑ Upward pressure
The post-pandemic inflation surge ↗ — Wikipedia (opens in a new tab)
Recovering demand and higher global food and energy prices lifted Indonesian inflation from very low levels to about 4% in 2022, before it eased again in 2023.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.