Indonesian retailers expect festivities seen driving 4.4% sales growth in December

It may follow November’s 6.3% YoY sales index rise in the country.

Indonesian retailers in the Bank of Indonesia’s (BI) retail sales survey expected sales to maintain growth in December 2025, BI said.

The bank said that respondents predicted a 4.4% year-on-year (YoY) growth of their Real Sales Index (RSI) during the period, supported by retailers in the spare parts and accessories, food, beverages (F&B) and tobacco, cultural and recreational goods, and automotive fuel segments.

Retailers of information and communication equipment, recreational goods, household equipment, and F&B and tobacco expected a spike in demand during Christmas and the New Year.

In November, Indonesia’s RSI grew 6.3% YoY.

Looking ahead, the BI survey respondents predicted a rise of inflationary pressures in February 2026, followed by milder price pressures by May.

This was reflected by an increase in the Price Expectations Index (PEI) in February 2026 to 168.6 from 163.2 in the previous period, driven by expectations of higher prices ahead of Ramadan 1447 H, the bank said.

Meanwhile, the PEI in May was expected at 154.5, retreating from 161.7 in the previous period, it added.