Jakarta's Inflation Sharply Decreases to 0.06% in May 2022

Economics & Macro

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Cindy Mutia Annur 05/06/2022 10:30 WIB

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The BPS report shows that DKI Jakarta's inflation sharply decreased to 0.06% in May 2022.

Jakarta's Month-on-Month Inflation Rate (May 2021-2022)

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Jakarta's Month-on-Month Inflation Rate (May 2021-2022)

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A report from Indonesia's Central Statistics Agency (BPS) shows that inflation in Jakarta experienced a sharp decline last month, despite high public mobility during the 2022 Eid al-Fitr homecoming season. Inflation in the capital city was recorded at 0.06% in May 2022, a decrease of 0.64 percentage points from the previous month's 0.70%.

Over the past year, Jakarta experienced inflation eight times and deflation four times. Inflation in May 2021 was recorded at 0.41%, down 0.35 percentage points from May 2022.

The main drivers of Jakarta's inflation were rising prices of chicken eggs, shallots, garlic, and airfare. Limited supply in the market pushed up the Consumer Price Index (CPI) for these three commodities.

Meanwhile, high demand for air travel due to the Eid al-Fitr homecoming and long weekend led to increased transportation costs. On the other hand, lower prices for chicken meat, cooking oil, and rice curbed inflation, resulting in relatively low overall inflation.

The expenditure group with the highest inflation rate was food and beverages at 0.61%. This was followed by the household goods and routine maintenance group with inflation of 0.32%.

Next, the transportation expenditure group had an inflation rate of 0.31%, followed by the health group at 0.23% and the recreation, sports, and culture group at 0.09%.

Meanwhile, the expenditure groups experiencing deflation were food, beverages, and tobacco at -0.03%, and clothing and footwear at -1.15%.

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."

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Jakarta's Inflation Sharply Decreases to 0.06% in May 2022

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