According to the latest Retail Sales Survey, retailers expect sales to increase in November 2025. The Real Sales Index (RSI) in November 2025 is predicted to grow by 5.9% (yoy), accelerating from 4.3% (yoy) the month earlier. The main contributors to faster retail sales growth in the reporting period were Other Household Equipment, Cultural and Recreational Goods, Spare Parts and Accessories as well as Food, Beverages and Tobacco. On a monthly basis, respondents predict 1.1% (mtm) retail sales growth in November 2025, driven by most commodity groups on the back of a seasonal spike in demand ahead of the Christmas and New Year festive period.

In October 2025, annual RSI growth was recorded at 4.3% (yoy), up from 3.7% (yoy) one month earlier. RSI growth primarily stemmed from increasing sales of Cultural and Recreational Goods as well as Food, Beverages and Tobacco. On a monthly basis, retail sales in October 2025 increased by 0.6% (mtm), driven by private demand ahead of the Christmas period and facilitated by smooth distribution of goods.

In terms of prices, respondents predict a build-up of inflationary pressures in the next 3 months, namely in January 2026, followed by milder price pressures in the next 6 months (April 2026). This was reflected by an increase in the Price Expectations Index (PEI) in January 2026 to 163.2 from 157.2 previously as a corollary of higher raw material prices, wages, Value Added Tax (VAT) and demand ahead of Ramadan 1447 H. Meanwhile, the PEI in April 2026 stood at 161.7, down from 172.5 as demand is expected to normalize after the Eid-ul-Fitr period.

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