June 2022 Vehicle Price Index Up 2.89% Year-on-Year

Economics & Macro

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Viva Budy Kusnandar 07/07/2022 13:50 WIB

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The national vehicle price index increased by 2.89% year-on-year (yoy) over the past year.

Vehicle Price Index (January 2020 - June 2022)

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Vehicle Price Index (January 2020 - June 2022)

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The Central Statistics Agency (BPS) reported that the Consumer Price Index (CPI) for the transportation sub-group, specifically vehicle purchases, increased by 0.21% in June 2022 compared to the previous month (month-to-month/m-to-m). This means that vehicle prices nationwide increased by 0.21% last month.

Compared to June 2021, vehicle prices increased by 2.89% (year-on-year/yoy). Similarly, compared to December 2021, inflation for vehicle purchases reached 2.53% (year-to-date/ytd).

The national CPI for vehicle purchases has increased for eight consecutive months since November 2021, reaching its highest level in June 2022, as shown in the graph.

The following regencies/cities experienced the largest increases in vehicle prices in June 2022:

1. Malang City: 11.95% (yoy)
2. Tangerang City: 11.74% (yoy)
3. Tual City: 10.34% (yoy)
4. Serang City: 9.83% (yoy)
5. Balikpapan City: 8.93% (yoy)
6. Jambi City: 8.22% (yoy)
7. Pontianak City: 7.27% (yoy)
8. Tembilahan: 7.25% (yoy)
9. Gorontalo City: 7.19% (yoy)
10. Lubuklinggau City: 6.76% (yoy)

The following shows the increase in the CPI for the transportation group in June 2022:

1. Passenger Transportation Services: 13.25% (yoy)
2. Operation of Private Transportation Equipment: 3.57% (yoy)
3. Vehicle Purchases: 2.89% (yoy)
4. Goods Delivery Services: 1.15% (yoy)

- Transportation Average: 5.45% (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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June 2022 Vehicle Price Index Up 2.89% Year-on-Year

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