Monthly Deflation: Consumer Prices Slightly Decreased in October 2022

Economics & Macro

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Viva Budy Kusnandar 01/11/2022 13:50 WIB

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Indonesia's consumer price index stood at 112.75 in October 2022, down 0.11% from the previous month.

Indonesia Consumer Price Index (January 2020 - October 2022)

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Monthly Deflation: Consumer Prices Slightly Decreased in October 2022

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Indonesia Consumer Price Index (January 2020 - October 2022)

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The Central Statistics Agency (BPS) reported that Indonesia's consumer price index (CPI) stood at 112.75 in October 2022.

This figure is down 0.11% compared to the September 2022 CPI, which reached 112.87, its highest level since 2020.

Thus, in October 2022, Indonesia experienced a monthly deflation of 0.11% (month-on-month/mom). However, compared to October 2021, there was still an annual inflation of 5.71% (year-on-year/yoy).

Cumulatively, for the January-October 2022 period, year-to-date (ytd) inflation also remained at 4.73%.

Of the 11 expenditure groups, two sectors recorded monthly deflation in October 2022: food, beverages, and tobacco at 0.97% (mom); and information, communication, and financial services at 0.07% (mom).

The other nine expenditure groups experienced monthly inflation: clothing and footwear at 0.09% (mom); housing, water, electricity, and household fuel at 0.18% (mom); and household equipment, appliances, and routine maintenance at 0.18% (mom).

The health expenditure group recorded monthly inflation of 0.21% (mom), transportation 0.35% (mom); recreation, sports, and culture 0.16% (mom); education 0.15% (mom); food and beverage services/restaurants 0.3% (mom); and personal care and other services 0.24% (mom).

In October 2022, monthly inflation also occurred in the core component at 0.16% (mom) and the government-administered component at 0.33% (mom). The volatile component experienced monthly deflation of 1.62% (mom).

Meanwhile, the energy component experienced monthly inflation of 0.45% (mom), and the food component experienced monthly deflation of 1.49% (mom).

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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Monthly Deflation: Consumer Prices Slightly Decreased in October 2022

Monthly Deflation: Consumer Prices Slightly Decreased in October 2022

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Monthly Deflation: Consumer Prices Slightly Decreased in October 2022

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