RI's Annual Inflation Reaches 2.57 Percent In January 2024, Highest In Central Papua

Inflation of illustration (Photo: dock. Antara)

JAKARTA - The Central Statistics Agency (BPS) recorded inflation in January 2024 on an annual basis or year on year (yoy) of 2.57 percent with a Consumer Price Index (IHK) of 105.19. Meanwhile, the highest annual provincial inflation occurred in Central Papua Province by 4.76 percent with an IHK of 107.60 and the lowest occurred in Bangka Belitung Islands Province by 1.21 percent with an IHK of 103.60. Meanwhile, the highest annual district/city inflation occurred in the Toli Toli Regency by 6.76 percent with an IHK of 110.31 and the lowest occurred in Mamuju by 0.86 percent with an IHK of 103.26. While the annual deflation occurred in East Belitung Regency by 0.41 percent with an IHK of 103.29. Acting Head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti said that the annual inflation occurred due to an increase in prices indicated by the increase in the majority of the expenditure group index. "Foods, beverages and tobacco by 5.84 percent, groups of clothing and footwear by 1.02 percent, housing groups, water, electricity, and household fuels by 0.58 percent," Amalia said at a press conference, Thursday, February 1, 2024. Furthermore, the equipment group, equipment and routine maintenance of households by 1.20 percent, health groups by 1.88 percent, transportation groups by 1.11 percent, recreation groups, sports, and culture by 1.68 percent.

Then, the education group was 1.57 percent, the food and beverage/restaurant supply group was 2.37 percent, and other personal care and services groups were 3.01 percent. Meanwhile, the expenditure group that experienced a decrease in the index, namely information, communication, and financial services groups, was 0.11 percent. Meanwhile, the inflation rate on a monthly basis or month to month (mom) January 2024 was 0.04 percent and the year to date inflation rate in January 2024 was 0.04 percent. Furthermore, the annual inflation rate for the core component of January 2024 was 1.68 percent, monthly inflation was 0.20 percent, and inflation (ytd) was 0.20 percent.