In July 2025, Indonesia experienced an uptick in its annual inflation rate, reaching 2.37%, up from 1.87% in June, and surpassing market expectations of 2.24%. Despite this rise, the rate remained comfortably within the central bank's target range of 1.5% to 3.5%. This represented the highest inflation rate since June 2024. Meanwhile, core inflation, which excludes regulated and volatile food prices, decreased to a seven-month low of 2.32%, below market predictions of 2.37%. On a month-to-month basis, the consumer price index (CPI) increased by 0.3%, compared to a 0.19% rise in June, and slightly exceeded the anticipated 0.21% increase.