Indonesia's Annual Inflation Rate Rises to 2.64% in March 2022

Economics & Macro

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Dwi Hadya Jayani 01/04/2022 12:40 WIB

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Indonesia's Central Bureau of Statistics (BPS) reported an annual inflation rate of 2.64% (year-on-year) with a Consumer Price Index (CPI) of 108.95 in March 2022.

Indonesia's Annual Inflation/Deflation Rate (March 2021-March 2022)

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Indonesia's Annual Inflation Rate Rises to 2.64% in March 2022

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Indonesia's Annual Inflation/Deflation Rate (March 2021-March 2022)

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The Central Statistics Agency (BPS) reported Indonesia's annual inflation rate at 2.64% (year-on-year/yoy) with a Consumer Price Index (CPI) of 108.95 in March 2022.

This inflation rate increased from 2.06% (yoy) in February 2022. It also rose compared to the same period the previous year, which stood at 1.37% (yoy) in March 2021.

This increase occurred because almost all expenditure groups experienced inflation.

The highest inflation rate came from the personal care and other services group at 4.43% (yoy).

This was followed by inflation in the food, beverages, and tobacco group at 3.59% (yoy), and food and beverage services/restaurants at 3.13% (yoy).

Meanwhile, deflation was experienced in the information, communication, and financial services group at -0.22% (yoy).

BPS also reported that Indonesia experienced inflation of 0.66% month-on-month (mom). Meanwhile, calendar-year inflation (ctc) was 1.2%.

Editor : Adi Ahdiat

"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."