Volatile Component Inflation Nears Highest Level in a Decade

Economics & Macro

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Viva Budy Kusnandar 12/08/2022 13:20 WIB

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Volatile component inflation reached 9.24% (year-to-date) in July 2022.

Inflation Rate by Component (2013-July 2022*)

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Volatile Component Inflation Nears Highest Level in a Decade

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Inflation Rate by Component (2013-July 2022*)

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The national volatile food inflation rate reached 1.41% in July 2022 compared to the previous month (month-to-month/m-to-m).

Cumulatively, from January to July 2022, volatile food inflation reached 9.24% (year-to-date/ytd). This figure is close to the highest level of volatile food inflation in the last decade, which was 10.88% (ytd) in 2014.

Compared to July 2021, volatile food inflation reached 11.47% (year-on-year/yoy). This inflation rate is also close to its highest level in the last decade, which was 11.83% (yoy) in 2013.

Volatile goods inflation refers to the inflation of goods/services whose prices fluctuate significantly. This component of inflation is predominantly influenced by shocks in the food commodity group, such as harvest periods, natural disasters (weather), or factors affecting food commodity prices in the domestic and international markets.

Overall, Indonesia's inflation rate was 3.85% (ytd) or 4.94% (yoy) until July 2022. The core inflation rate was 2.11% (ytd) or 2.86% (yoy), and the government-regulated price inflation rate reached 5.13% (ytd) or 6.51% (yoy).

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."

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Volatile Component Inflation Nears Highest Level in a Decade

Volatile Component Inflation Nears Highest Level in a Decade

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