Wholesale Price Index Increased by 5.78% in 2022

The Central Statistics Agency (BPS) reported that Indonesia's general Wholesale Price Index (WPI) stood at 113.88 in December 2022. The wholesale price index rose 0.76% month-on-month (mom) and increased 5.78% year-on-year (yoy) compared to December 2021.

The increase in the WPI throughout 2022 was mostly driven by the industrial sector, with a yearly contribution of 5.07%. The agricultural sector contributed only 0.62%, and the mining sector 0.09%.

Despite its small contribution, the mining sector rose 10.9% (yoy), higher than the industrial sector's 6.28% (yoy) increase, or the agricultural sector's 3.37% (yoy) growth.

Here's a breakdown of the commodity groups with the largest contribution to the WPI increase in 2022:

1. Gasoline: 0.35%
2. Diesel: 0.32%
3. Filtered Clove Cigarettes: 0.23%
4. Rice: 0.22%
5. Wheat Flour: 0.18%
6. Cement: 0.16%
7. Layer Chicken Eggs: 0.11%
8. NPK Fertilizer: 0.08%
9. Soybeans: 0.08%
10. Palm Oil: 0.05%

Here are the construction material groups with the largest contribution to the WPI increase in 2022:

1. Diesel: 1.83%
2. Cement: 1.16%
3. Asphalt: 1.03%
4. Sand: 0.92%
5. Foundation Stone: 0.62%
6. Crushed Stone: 0.27%
7. Paint and Similar Products: 0.17%
8. Timber: 0.15%
9. Lubricating Oil: 0.13%
10. PVC Pipes: 0.11%