According to the latest Retail Sales Survey, retailers expect sales to increase in May 2025. Real Sales Index (RSI) growth in May 2025 is predicted to accelerate to 2.6% (yoy), thus reaching a level of 234.0. The main contributors to increasing sales performance in the reporting period are Cultural and Recreational Goods, Food, Beverages and Tobacco, as well as Clothing. On a monthly basis, respondents predict a shallower 0.6% (mtm) retail sales contraction compared with the previous period. Several commodity groups are expected to achieve higher sales, namely Other Household Equipment as well as Cultural and Recreational Goods, in response to the seasonal spike in demand during the national religious holidays commemorating Vesak and the Ascension of Jesus Christ.

In April 2025, the RSI index remained relatively stable at 235.5 compared with 236.3 in the same period one year earlier, underpinned by growth of Spare Parts and Accessories, Automotive Fuel as well as Cultural and Recreational Goods. On a monthly basis, retail sales in April 2025 experienced a 5.1% (mtm) contraction, impacted by declining sales of most commodity groups given the normalisation of demand after the recent Ramadan and Eid-ul-Fitr festive period.

In terms of prices, respondents predict milder inflationary pressures in the next 3 and 6 months, namely in July and October 2025. This was reflected by respective decreases in the Price Expectations Index (PEI) in July and October 2025 to 141.9 and 144.5 from 146.4 and 153.1 in the previous period.

More information concerning the Retail Sales Survey​ is accessible via the official Bank Indonesia website.

Jakarta 13th June 2025
Communication Department
Ramdan Denny Prakoso