Inflation Drops Again! Now 3.08 Percent In July 2023

Photo: Capture BPS Youtube Screen

JAKARTA The Central Statistics Agency (BPS) reported that the annual inflation rate (year on year/yoy) in July 2023 was 3.08 percent.

Deputy for Distribution and Services Statistics, BPS Pudji Ismartini, said that the score was lower than June 2023 which was 3.52 percent yoy.

"The annual inflation has decreased consistently since March 2023," he said at a press conference in Jakarta, Tuesday, August 1.

Pudji detailed, based on the expenditure group, annual inflation is mostly contributed by transportation.

"When viewed from the commodities, the largest contributors come from gasoline, rice, filter kretek cigarettes, house contracts, and city transportation," he said.

Pudji added that the largest annual inflation on the island of Sumatra occurred in Bengkulu. Then, in Java, there are Surabaya, Bali Islands and Nusa Tenggara in Waingapu.

"On the island of Kalimantan, the largest annual inflation occurred in Pontianak City. Then, Sulawesi is in Luwuk, and Maluku-Papua is the highest in Merauke," he said.

As for nationally, the largest inflation is in Merauke with 5.21 percent (above the average Indonesia inflation). Meanwhile, the lowest inflation is on Mount Sitoli at 0.50 percent.

In general, of the 90 cities surveyed, all of them experienced annual inflation or year on year. There are 41 cities experiencing higher inflation than the national and the rest are below the national level," said Pudji.

To note, the government together with Bank Indonesia set an inflation target this year at 3 percent plus minus 1 percent.