Inflation 2022 Is The Highest Since 2014

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA The Central Statistics Agency (BPS) stated that inflation based on the consumer price index (CPI) throughout 2022 was 5.51 percent, the highest in the last eight years.

Head of BPS Maryo Yuwono said this inflation level was the largest since the 2014 period ago.

"(Inflation 2022) is the highest since 2014. At that time the inflation was 8.36 percent," he said during the 2023 BPS' first press conference on Monday, January 2.

According to Margo, last December the highest inflation was in Bandung with a rate of 2.04 percent. Meanwhile, the lowest inflation was in Sorong City which was 0.01 percent.

"For core core inflation, the core component in December 2022 is 3.36 percent year on year (yoy). Meanwhile, components whose prices are regulated by the government and components whose prices are volatile experience year on year inflation of 13.34 percent and 5.61 percent, respectively," he said.

Margo explained that the main contributors to monthly inflation include rice commodities, PAM drinking water tariffs, and broiler eggs with a share of 0.07 percent, 0.07 percent, and 0.06 percent, respectively.

"The contributors to annual inflation include gasoline at 1.15 percent, household fuel at 0.30 percent, and air transportation at 0.27 percent," he concluded.