Fuel Price Hike Pushes Transportation Inflation to 5.45% (YoY) in June 2022

Economics & Macro

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Viva Budy Kusnandar 05/07/2022 10:30 WIB

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The increase in fuel prices, mirroring the rise in global oil prices, has triggered inflation in the transportation sector.

Consumer Price Index for Transportation (January 2020 – June 2022)

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Fuel Price Hike Pushes Transportation Inflation to 5.45% (YoY) in June 2022

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Consumer Price Index for Transportation (January 2020 – June 2022)

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The increase in fuel prices (BBM), mirroring the rise in global oil prices, has triggered inflation in the transportation sector. The price of non-subsidized fuel at gas stations has increased in line with market prices, leading to higher transportation costs.

The Central Bureau of Statistics (BPS) reported that the consumer price index (CPI) for the transportation group experienced inflation of 0.3%, reaching 108.74 in June 2022 compared to the previous month. This transportation CPI is the highest since January 2020, as shown in the graph.

Compared to June 2021, the transportation group experienced inflation of 5.45% (year-on-year/yoy). Compared to December 2021, the transportation group also experienced inflation of 3.92% (year-to-date/ytd).

For information, the annual transportation inflation is higher than the overall inflation of 4.35% (yoy). Annual inflation in the transportation sector is also the second highest after the food, beverage, and tobacco group, which reached 8.26% (yoy).

The following are the annual (yoy) inflation rates for transportation sub-groups in June 2022:

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

- Transportation Group Average: 5.45%

Editor : Annissa Mutia

"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."