We observe a declining inflation rate trend throughout 2023, back to the Bank Indonesia’s inflation target. It hit the highest level in February 2023 at 5.47% and steadily decreased afterward, reaching 2.61% in December 2023. This is the lowest inflation rate in two decades outside the pandemic period 2020-2021.
Lembaga Penyelidikan Ekonomi dan Masyarakat – Fakultas Ekonomi dan Bisnis – Universitas Indonesia
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