The government has set the 2024 inflation rate target at the 2.5%±1% range. The effort to achieve this target includes the coordination between fiscal and monetary policies. Meanwhile, the inflation for 2025-2027 is targeted at 2.5±1% range. In December 2023, Indonesia recorded its inflation rate at 12.61%, within the government target of 3±1% range, one of the lowest in the world.