3-1-2025 (JAKARTA) In a landmark economic development, Indonesia has achieved its lowest inflation rate since records began, with figures dropping to 1.57 percent in December 2024, according to official data released by Statistics Indonesia (BPS).
Speaking at a press briefing in Jakarta, BPS Deputy for Distribution and Services Statistics Pudji Ismartini revealed that this figure marks an unprecedented low in the nation’s economic history. “Since our agency began monitoring inflation metrics in 1958, we have never witnessed such modest price growth,” Ismartini stated.
The statistical authority, which initially focused solely on Jakarta’s economic indicators, has expanded its coverage to encompass all 38 provinces across the vast archipelagic nation, providing a comprehensive view of price movements throughout Indonesia.
Analysis of the data reveals that the personal care and services sector emerged as the primary contributor to inflation, recording a 7.02 percent increase. This was followed by the food and beverage service industry, which saw a 2.48 percent uptick, whilst the education sector experienced a modest 1.94 percent rise.
Coordinating Minister for Economic Affairs Airlangga Hartarto expressed satisfaction with the figures, noting that inflation remained well-contained despite significant headwinds from global commodity markets and domestic economic pressures.
Looking ahead, the government has outlined its commitment to maintaining price stability through a multi-pronged approach. “Our strategic focus remains on ensuring robust food supply chains, implementing effective price control mechanisms, and fostering the recovery of crucial economic sectors,” Hartarto emphasised.
