Indonesia’s annual inflation eased slightly to 3.23% in October 2026 from September’s three-month high of 3.28%, coming below market expectations of 3.29%. Inflation remained within Bank Indonesia’s target range of 1-1/2%-3-1/2%. Core inflation, which excludes volatile food and government-administered prices, fell to 2.56% from 2.84% in September, marking a six-month low and falling short of forecasts of of 2.75%. On a monthly basis, consumer prices rose by 0.22%, slowing from a 0.3% increase in September and undershooting forecasts of 0.25%. Still, prices continued to rise for a third consecutive month.
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