Prices Fall, Food Expenditure Group Records Deepest Deflation in August 2022

The Central Statistics Agency (BPS) reported a 0.21% deflation in the Consumer Price Index (CPI) in August 2022 compared to the previous month (month-to-month/m-to-m). Compared to the year-end position, Indonesia still experienced inflation of 3.63% in 2022 (year-to-date/ytd), and annual inflation of 4.69% (year-on-year/yoy).

The food, beverage, and tobacco expenditure group recorded the deepest deflation in August 2022, namely 1.8% (m-to-m) with a deflationary contribution of 0.48%.

Other sectors that recorded deflation in August 2022 were the transportation group, at 0.08% (m-to-m) with a contribution of 0.01%, and the information, communication, and financial services expenditure group at 0.03% (m-to-m).

Meanwhile, the education expenditure group experienced the highest inflation, reaching 1.85% (m-to-m) with an inflationary contribution of 0.1%. This was followed by the housing, water, electricity, and household fuel group at 0.58% (m-to-m) with a contribution of 0.11%.

Next was the food and beverage services/restaurant group with inflation of 0.33% (m-to-m) and a contribution of 0.03%.

Here is a complete list of deflation/inflation rates by expenditure group in August 2022 (m-to-m):

* Food: -1.80%
* General: -0.21%
* Transportation: -0.08%
* Information and Communication: -0.03%
* Clothing: 0.02%
* Health: 0.11%
* Recreation and Sports: 0.21%
* Household Goods: 0.25%
* Personal Care & Other Services: 0.29%
* Food & Beverage Services: 0.33%
* Housing: 0.58%
* Education: 1.85%