Wholesale Price Inflation Reaches 5.35% in July 2022

Economics & Macro

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Dzulfiqar Fathur Rahman 01/08/2022 18:50 WIB

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Wholesale trade price inflation reached 5.35% (yoy) in July 2022.

Wholesale Price Inflation by Sector (July 2022)

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Wholesale Price Inflation Reaches 5.35% in July 2022

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Wholesale Price Inflation by Sector (July 2022)

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Wholesale price inflation surged in July 2022, in line with the spike in commodity prices in the global market.

The Central Statistics Agency (BPS) reported that the annual inflation of the Wholesale Price Index (WPI) jumped to 5.35% (yoy) in July 2022.

The mining and quarrying sector showed the highest annual WPI inflation among other sectors, at 9.52% (yoy).

The manufacturing sector experienced a WPI inflation of 5.71% (yoy), while the agricultural sector recorded a WPI inflation of 3.63% (yoy) in the same period.

The WPI inflation rate has exceeded the Consumer Price Index (CPI) inflation rate. The annual CPI inflation surged to 4.94% (yoy) in July 2022, higher than Bank Indonesia's target range of 2% to 4%.

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."