BI Predicts January 2022 Inflation Of 0.61 Percent, Donated By Chicken Eggs

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JAKARTA - Bank Indonesia (BI) predicts inflation in January 2022 at 0.61 percent compared to December 2021 (month to month/mtm), in line with price developments in the first week of January, mainly contributed by broiler eggs.

"Based on the Price Monitoring Survey in the first week of January 2022, price developments remain under control," said BI's Chief Executive Director of Communications Erwin Haryono in a written statement quoted by Antara, Friday, January 7.

With these developments, the estimated inflation in January 2022 is 0.61 percent since the beginning of the year (year to date/ytd) and 2.23 percent compared to January 2022 (year on year/yoy).

Erwin explained that the main contributors to inflation in January 2022 until the first week, namely broiler eggs and household fuel (BBRT) each at 0.11 percent (mtm), broiler meat at 0.06 percent (mtm), and cayenne pepper by 0.05 percent (mtm).

Then, there are tomatoes at 0.04 percent (mtm), rice and powdered or liquid detergent soap at 0.03 percent (mtm), cooking oil and shallots at 0.02 percent (mtm), and oranges, garlic, gold jewelery and filtered kretek cigarettes each at 0.01 percent (mtm).

Meanwhile, commodities experiencing deflation were red chilies and air freight rates of 0.02 percent (mtm).

The central bank will continue to strengthen coordination with the government and relevant authorities to closely monitor the dynamics of the spread of COVID-19 and its impact on the Indonesian economy from time to time.

In addition, further policy coordination steps that need to be taken will be observed to maintain macroeconomic and financial system stability, as well as to support Indonesia's economic growth to remain sound and resilient.