Core Inflation Slowed Slightly in May 2022

Economics & Macro

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Dzulfiqar Fathur Rahman 07/06/2022 10:50 WIB

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Annual core inflation slightly slowed from 2.6% (yoy) in April 2022 to 2.58% (yoy) in May 2022. Core inflation typically indicates consumer purchasing power.

Annual Inflation Rate by Component (May 2022)

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Core Inflation Slowed Slightly in May 2022

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Annual Inflation Rate by Component (May 2022)

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According to the Central Statistics Agency (BPS) report, the annual inflation for the core component in the Consumer Price Index (CPI) slightly slowed from 2.6% (yoy) in April 2022 to 2.58% (yoy) in May 2022. Core inflation usually indicates consumer purchasing power.

Since October 2021, the annual inflation of the core component has continued an upward trend along with the economic recovery from the downturn caused by the Covid-19 pandemic.

Meanwhile, annual inflation for goods with government-regulated prices remained at 4.83% (yoy) during April and May 2022.

Annual inflation for volatile goods rose to 6.05% (yoy) in May 2022. Inflation in this volatile component has been increasing since March 2022, following the Russia-Ukraine war which pushed up commodity prices.

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."