Bank of Indonesia published its latest Retail Sales Survey indicating retailers expect Indonesia’s Real Sales Index (RSI) to continue growing in December 2025. Respondents forecast RSI growth of 4.4% year-on-year and 4.0% month-on-month, with the monthly pickup linked to broader-based gains and seasonal demand around the Christmas and New Year period. The survey recorded November 2025 RSI growth at 6.3% year-on-year, up from 4.3% previously, and 1.5% month-on-month. Stronger sales were led by categories including spare parts and accessories, food, beverages and tobacco, cultural and recreational goods, information and communication equipment, and automotive fuel. On prices, respondents expect inflationary pressures to build over the next three months, with the Price Expectations Index for February 2026 rising to 168.6 from 163.2, alongside expectations of higher prices ahead of Ramadan 1447 H. For the six-month horizon, the May 2026 index eased to 154.5 from 161.7.
Bank Indonesia 2026-01-12
Bank of Indonesia reports November retail sales acceleration and signals December growth with higher near-term price expectations
Bank of Indonesia's latest Retail Sales Survey forecasts continued growth in the Real Sales Index (RSI) for December 2025, with a 4.4% year-on-year and 4.0% month-on-month increase, driven by seasonal demand. November 2025 saw a 6.3% year-on-year RSI growth, with inflationary pressures expected to rise in the coming months, particularly ahead of Ramadan 1447 H.