Having Fallen Last Month, DKI Inflation Rose to 2.08 Percent in October

Illustration. The HI Roundabout became one of the landscapes of DKI Jakarta on Monday, September 14, 2019. (ANTARA-Sigid K)

JAKARTA - The DKI Jakarta Central Statistics Agency (BPS) announced that the year-on-year inflation rate in Jakarta in October 2023 was 2.08 percent.

This month's inflation rate increased from September 2023 at 1.89 percent. This was conveyed by DKI Jakarta BPS Distribution Statistics Function Coordinator Feri Prasetyo Nugroho in a written broadcast.

"In October 2023, year-on-year (y-on-y) inflation in DKI Jakarta was recorded at 2.08 percent with a consumer price index (CPI) of 113.76. October month-to-month (m-to-m) inflation rate "2023 will be 0.13 percent and the year to date (y-to-d) inflation rate in October 2023 will be 1.47 percent," said Feri, quoted Thursday, November 2.

Jakarta's inflation figure in October 2023 is lower than the national figure of 2.56 percent. Meanwhile, the highest inflation occurred in Tanjung Pandan at 5.43 percent with a CPI of 120.87 and the lowest occurred in Jayapura at 1.43 percent with a CPI of 112.88.

Furthermore, Feri stated that y-on-y inflation occurred due to an increase in prices as indicated by the increase in the price index for most expenditure groups.

Among them are the food, beverage, and tobacco groups at 4.70 percent; housing, water, electricity, and household fuel group at 1.27 percent; equipment, tools, and routine household maintenance group amounted to 2.61 percent.

Then, the health group is 1.40 percent; transportation group at 0.93 percent;

information, communication, and financial services group at 0.27 percent; recreation, sports, and culture group at 1.39 percent.

Then, the education group was 1.69 percent; food and beverage/restaurant provision group at 1.87 percent; and the personal care and other services group at 3.11 percent.

Even though there was an increase in inflation compared to the previous month, Feri said that in 2022 the opposite would happen. Meanwhile, increasing inflation in

October 2023 is higher than the increase in inflation in October 2021.

"This is because in 2021 the economy is still in the recovery stage after the COVID-19 pandemic, while in 2023 people's economic activities will return to normal," explained Feri.

"Meanwhile in 2022, inflation in October will fall because it did in the previous month

"There was quite high inflation due to the increase in petrol prices," he added.