Indonesia's Inflation Reaches 3.05% in March 2024

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Erlina Fury Santika 01/04/2024 18:52 WIB

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Indonesia's Central Bureau of Statistics (BPS) reported that inflation reached 3.05% year-on-year (yoy) in March 2024.

Indonesia's Annual Inflation (March 2020-March 2024)

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Indonesia's Annual Inflation (March 2020-March 2024)

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The Central Statistics Agency (BPS) reported that Indonesia's inflation was recorded at 3.05% year-on-year (yoy) in March 2024.

This inflation figure decreased by 1.92 percentage points from March 2023, which was 4.97% (yoy). However, March 2024's inflation increased by 0.3 percentage points from February 2024, which was 2.75% (yoy).

The month-to-month (mtm) inflation rate for March 2024 was 0.52%, and the year-to-date (ytd) inflation rate for March 2024 was 0.93%.

BPS added that the annual core inflation rate for March 2024 was 1.77%; mtm inflation was 0.23%; and ytd inflation was 0.57%.

BPS stated that the annual inflation occurred due to price increases indicated by the rise in all expenditure group indices. The details are as follows:

* Food, beverages, and tobacco: 7.43%;
* Clothing and footwear: 0.89%;
* Housing, water, electricity, and household fuel: 0.55%;
* Household furnishings, equipment, and routine maintenance: 1.03%;
* Health: 2.17%;
* Transportation: 0.99%;
* Recreation, sports, and culture: 1.62%;
* Education: 1.70%;
* Food and beverage services/restaurants: 2.51%;
* Personal care and other services: 3.56%.

Meanwhile, the expenditure group that experienced a decrease in the index was: information, communication, and financial services at -0.13%.

(Also read: [This is the Main Commodity Contributing to Inflation in March 2024](https://databoks.katadata.co.id/datapublish/2024/04/01/ini-komoditas-penyumbang-utama-inflasi-pada-maret-2024))

Editor : Erlina Fury Santika

"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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