Wholesale Price Index Down 0.12% in August 2022

Economics & Macro

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Vika Azkiya Dihni 01/09/2022 14:40 WIB

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Indonesia's Central Bureau of Statistics (BPS) recorded a National General Wholesale Price Index (IHPB) of 111.81 in August 2022. This index decreased by 0.12% from the July 2022 IHPB figure of 111.95

Wholesale Price Index (August 2021 - August 2022)

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Wholesale Price Index (August 2021 - August 2022)

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The Central Statistics Agency (BPS) recorded a National General Wholesale Price Index (IHPB) of 111.81 in August 2022. This index decreased by 0.12% from the July 2022 IHPB of 111.95.

The decrease occurred in the agricultural sector, namely by 2.56%. The mining and quarrying sector increased by 0.14%, and the industrial sector increased by 0.44% compared to the previous month.

In August 2022, the agricultural sector was the dominant contributor to the IHPB decline, at -0.47%. The industrial sector contributed 0.35%, and the mining and quarrying sector did not contribute significantly.

Several commodities experienced price decreases in August 2022, including broiler chicken, red chilies, shallots, cayenne peppers, coal, cooking oil, and broiler chicken meat.

It should be noted that the IHPB is an index figure that describes the magnitude of price changes at the wholesale price level of commodities traded in a country/region.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."