New Record Since the Pandemic, Indonesia's Annual Inflation at 3.55% in May 2022

Economics & Macro

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Vika Azkiya Dihni 03/06/2022 11:20 WIB

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Indonesia's Central Bureau of Statistics (BPS) recorded an annual inflation rate of 3.55% (year-on-year/yoy) in May 2022, with a Consumer Price Index (CPI) of 110.42.

Indonesia's Annual Inflation Rate (March 2020-May 2022)

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New Record Since the Pandemic, Indonesia's Annual Inflation at 3.55% in May 2022

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Indonesia's Annual Inflation Rate (March 2020-May 2022)

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The Central Statistics Agency (BPS) recorded that Indonesia's annual inflation rate in May 2022 reached 3.55% (year-on-year/yoy) with a Consumer Price Index (CPI) of 110.42.

This annual inflation rate is the highest since the beginning of the pandemic in March 2020, as shown in the graph.

According to BPS, Indonesia's inflation in May 2022 was caused by price increases in almost all expenditure groups.

The highest inflation rate came from the food, beverages, and tobacco group at 5.62% (yoy).

This was followed by inflation in the personal care and other services group at 4.63% (yoy), and household equipment, tools, and routine maintenance at 4.39% (yoy).

On the other hand, the information, communication, and financial services group experienced deflation of 0.2% (yoy).

BPS also reported several commodities that experienced price increases in May 2022, including chicken eggs, fresh fish, shallots, beef, oranges, green mustard greens, raw tofu, tempeh, sweet bread, airfare, and rice with side dishes.

Meanwhile, commodities that experienced price decreases included cooking oil, chicken meat, cayenne pepper, red chili peppers, intercity transportation, and gold jewelry.

(Also Read: [This is the Top 5 Provinces with the Highest Sugar Price Increase until May 2022](https://databoks.katadata.co.id/datapublish/2022/06/01/ini-5-provinsi-dengan-kenaikan-harga-gula-tertinggi-sampai-mei-2022))

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."