Transportation Drives April 2023 Inflation Increase in Indonesia

The Central Statistics Agency (BPS) reported that Indonesia's inflation rate in April 2023 was 4.33%, a decrease from the previous month's 4.97%, but still lower than the same period last year. This is reflected in the graph and is part of the current Indonesian economic conditions. According to BPS, the commodity groups that significantly contributed to this month's inflation were transportation at 11.96%. In addition, inflation in the personal care and other services group reached 4.67%.

The following is a breakdown of the annual inflation rate in April 2023 by expenditure group, ordered from highest to lowest:

1. Transportation: 11.96% (YoY)
2. Personal care and other services: 4.67% (YoY)
3. Food, beverages, and tobacco: 4.58% (YoY)
4. Food and beverage services/restaurants: 3.79% (YoY)
5. Household furnishings, equipment and routine maintenance: 3.27% (YoY)
6. Education: 2.75% (YoY)
7. Health: 2.6% (YoY)
8. Housing, water, electricity, and household fuel: 2.53% (YoY)
9. Recreation, sports, and culture: 2.38% (YoY)
10. Clothing and footwear: 1.8% (YoY)
11. Information, Communication, and Other Financial Services: -0.25% (YoY)

For monthly inflation in April 2023, the breakdown ordered from highest to lowest percentage is as follows:

1. Transportation: 0.84% (MoM)
2. Personal care and other services: 0.68% (MoM)
3. Clothing and footwear: 0.61% (MoM)
4. Food, beverages, and tobacco: 0.34% (MoM)
5. Food and beverage services/restaurants: 0.34% (MoM)
6. Health: 0.26% (MoM)
7. Household furnishings, equipment and routine maintenance: 0.23% (MoM)
8. Housing, water, electricity, and household fuel: 0.07% (MoM)
9. Recreation, sports, and culture: 0.05% (MoM)
10. Education: 0.0% (MoM)
11. Information, Communication, and Other Financial Services: -0.02% (MoM)

This is the report on Indonesia's inflation rate in April 2023 released by the Central Statistics Agency. Although it decreased from the previous month, inflation remains at a relatively high level. The commodity groups that significantly contributed to inflation are transportation and personal care and other services. This presents a challenge for the government and economic stakeholders to continue efforts to control inflation and maintain the country's economic stability.