BI Ramal Inflation September Tembus 5.89 Persen, Increased Fuel To Biang Keladi

JAKARTA Bank Indonesia (BI) conveyed its latest projection of the inflation movement that occurred this September. According to the monetary authority, the inflation rate is expected to break the latest psychological record that has never been touched so far this year.

"This month's price monitoring survey conducted by Bank Indonesia inflation (consumer price index/IHK) will increase to 5.89 percent (year on year/yoy)," said BI Governor Perry Warjiyo when answering reporters' questions on Thursday, September 22.

According to Perry, the figure was obtained based on field monitoring related to the movement of commodity prices for goods and services, which is regulated by the government, such as fuel oil (BBM).

"This month's inflation is of course the highest increase because of the direct impact of the adjustment of subsidy prices (BBM) and also transportation rates even though the tariffs have not been calculated," he said.

Perry's statement clearly gave a signal that the JCI inflation still has the opportunity to reach a higher level considering that the month period is still running and the total transportation tariff component has not been calculated.

The Concond round impact is not visible this month but in the next three months. Of course, this effect, either directly or indirectly, will increase IHK inflation by 1.8 percent to 1.9 percent," he said.

For information, the peak inflation of IHK 2022 temporarily occurred last July at a rate of 4.94 percent. This level then slowed down in August with a record of 4.69 percent.