BI Survey: Retail Goods Prices Predicted to Rise in May 2022

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Dzulfiqar Fathur Rahman 12/04/2022 12:50 WIB

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According to a Bank Indonesia (BI) survey, retailers expect prices to rise in May 2022.

Three-Month-Ahead Inflation Expectation Index (November 2021-February 2022)

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BI Survey: Retail Goods Prices Predicted to Rise in May 2022

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Three-Month-Ahead Inflation Expectation Index (November 2021-February 2022)

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According to a survey by Bank Indonesia (BI), retailers expect prices to rise in May 2022, in line with seasonal patterns where prices peak during the Idul Fitri holiday.

This is reflected in the General Price Expectation Index (IEH), which records retailers' price expectations for the next three months.

The IEH in February 2022 was recorded at 141.3, up from 139.1 the previous month, according to the retail sales survey report released by BI on Monday (11/4/2022).

"Prices at the retail level are expected to increase in May and August 2022," BI wrote in its report.

"In terms of prices, inflationary pressure is expected to increase in May and August 2022 in line with the IEP," it continued.

This increase in price expectations is in line with the rise in the Sales Expectation Index (IEP), which rose to 157.8 for May 2022, compared to the IEP for April 2022, which was still at 151.8.

Retailers also showed optimism for August 2022. The IEH rose to 132.4 for August 2022, compared to the IEH for July 2022, which was at 129.8.

(Also Read: Consumer Demand Falls, February Retail Sales Contract 4.5%)

Editor : Adi Ahdiat

"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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BI Survey: Retail Goods Prices Predicted to Rise in May 2022

BI Survey: Retail Goods Prices Predicted to Rise in May 2022

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BI Survey: Retail Goods Prices Predicted to Rise in May 2022

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