Core and Non-Core Inflation Soared in April 2022

Economics & Macro

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Dzulfiqar Fathur Rahman 09/05/2022 16:40 WIB

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According to BPS data, inflation accelerated in April 2022, for both core and non-core components.

Annual Inflation Rate by Component (March-April 2022)

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Core and Non-Core Inflation Soared in April 2022

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Annual Inflation Rate by Component (March-April 2022)

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Consumer goods and services prices surged during April 2022, coinciding with Ramadan.

This price surge is reflected in the Consumer Price Index (CPI), which showed an increase in the inflation rate in both core and non-core components.

The Central Bureau of Statistics (BPS) reported that the annual inflation rate for the core component was recorded at 2.6% (year-on-year/yoy) in April 2022, higher than the core inflation in March 2022, which was 2.37% (yoy).

According to BPS Head Margo Yuwono in a press conference on Monday (9/5/2022), core inflation in April 2022 was contributed to by rising prices of fresh fish, cookies, and cars.

Meanwhile, non-core inflation for volatile price components was recorded at 5.48% (yoy) in April 2022, higher than the previous month's 3.25% (yoy).

The BPS Head stated that inflation in the volatile price component was influenced by the increase in the prices of cooking oil, broiler chicken, and chicken eggs.

Non-core inflation for government-regulated price components was recorded at 4.83% (yoy) in April 2022, higher than the previous month's 3.06% (yoy).

According to the BPS Head, inflation in the government-regulated price component was caused by the increase in gasoline prices and airfare.

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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Core and Non-Core Inflation Soared in April 2022

Core and Non-Core Inflation Soared in April 2022

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