Consumer Confidence Among Spenders Over Rp 5 Million Highest in October 2021

Bank Indonesia (BI) reported that the Consumer Confidence Index (CCI) rose to 113.4 in October 2021. This figure represents an 18.74% increase compared to the previous month's 95.5 points.

Based on spending groups, consumers with expenditures above Rp 5 million had the highest CCI in October 2021, at 122.4 points. This is a 20.94% increase from September 2021, which reached 101.2 points.

Consumers with expenditures between Rp 4.1 and 5 million were next, with a CCI of 114.1 points last month. This represents a 16.31% increase compared to September 2021, which reached 98.1 points.

Consumers with expenditures between Rp 2.1 and 3 million had a CCI of 114 points in October 2021. This figure increased by 18.26% from the previous month's 96.4 points.

Consumers with expenditures between Rp 3.1 and 4 million had a CCI of 113.9 points in the tenth month of this year. This represents a 19.27% increase compared to the previous month's 95.5 points.

Finally, the CCI for consumers with expenditures between Rp 1 million and Rp 2 million was the lowest, at 108.6 in October 2021. This figure increased by 19.08% compared to September 2021, which was 91.2.

The increase in the CCI is in line with the increase in public mobility. This is because the government began to relax the implementation of Community Activity Restrictions (PPKM) as COVID-19 cases decreased.