January 2018 Inflation Driven by Rising Food Prices

Economics & Macro

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01/02/2018 13:43 WIB

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Monthly Inflation (January 2017 - January 2018)

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Monthly Inflation (January 2017 - January 2018)

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The Central Statistics Agency (BPS) released data showing that January 2018 inflation was 0.62%. The year-on-year (YoY) inflation reached 3.25%. January 2018 inflation was lower than January 2017, which reached 0.98%, but higher than January 2016, which was only 0.51%.

The increase in the selling prices of food and non-subsidized fuel (BBM) was the main driver of inflation at the beginning of this year. This is reflected in the price increase shown by the rise in the food commodity expenditure index by 2.34%. This was followed by the ready-to-eat food, beverages, cigarettes, and tobacco group at 0.43%; and the housing, water, electricity, gas, and fuel group at 0.23%.

The highest inflation in January 2018 occurred in Bandar Lampung, reaching 1.42%, while the lowest inflation was recorded in Tangerang at 0.04%. The highest deflation occurred in Jayapura at 1.12%, and the lowest in Meulaboh at 0.14%.

"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."