BPS Records March 2023 Large Trade Price Index Up 5.44 Percent

JAKARTA - The results of monitoring by the Central Statistics Agency (BPS) in March 2023 noted that the National General Wholesale Price Index (IHPB) was 115.21 or year on year (yoy) up 5.44 percent compared to the same month last year previously.

"The highest increase occurred in the mining and quarrying sector, which was 11.02 percent. The agricultural sector rose by 4.03 percent and the industrial sector increased by 5.70 percent compared to March 2022," said BPS Deputy for Distribution and Services Statistics Pudji Ismartini in a press conference for the News Release of Statistics quoted from Antara, Monday, April 3.

The change in IHPB month to month or month to month (mtm) in March 2023 was 0.27 percent and the change in IHPB for the calendar year or year to date (ytd) was 1.16 percent. Several commodities that experienced a yoy increase in prices in March 2023 included eggs, rice, filtered clove cigarettes, gasoline, diesel and wheat flour.

Meanwhile, commodities that experienced an increase in mtm prices in March 2023 included palm oil, ginger, garlic, filtered clove cigarettes, gasoline and rice.

In March 2023, the industrial sector was the dominant contributor to the year-on-year change in WPI, which was 4.61 percent. The agricultural sector contributed a yoy share of 0.74 percent and the mining and quarrying sector contributed a yoy share of 0.09 percent.

Furthermore, Pudji stated that the IHPB for the Building/Construction group yoy, which consists of five groups of building types, generally experienced an increase of 5.64 percent in March 2023 or an index change from 110.95 in March 2022 to 117.20 in March 2023.

The IHPB for the Building/Construction group in March 2023 decreased by 0.26 percent, while the IHPB for the Building/Construction group experienced an increase of 0.03 percent.

In March 2023, all building types experienced an increase in index compared to March 2022.

The Public Works Buildings group for roads, bridges and ports experienced the highest increase, namely 7.80 percent.

Residential and Non-residential Buildings Group increased by 3.68 percent, Public Works for Agriculture Group increased by 6.04 percent, Electrical, Gas, Drinking Water, and Communication Building and Installation Group increased by 4.24 percent, and Other Buildings rose by 4.46 percent.

The building materials group that experienced a yoy price increase in March 2023 included diesel fuel up by 23.68 percent, cement up by 7.46 percent, asphalt up by 14.37 percent, sand up by 9.93 percent and building foundation stone up. by 5.69 percent.

On the other hand, the building material group whose prices decreased yoy in March 2023 included steel bars, which fell by 4.13 percent, steel roof trusses, which fell by 4.24 percent, and logs, which fell by 0.96 percent.

Commodities that decreased the price of mtm in March 2023 included diesel by 3.69 percent, cement by 0.46 percent, rebar by 0.41 percent, and building foundation stone by 0.16 percent.

Meanwhile, based on BPS monitoring results on international trade in February 2023, the International Trade Price Index (IHPI) increased by 1.57 percent, from 179.01 in January 2023 to 181.81 in February 2023.

The Imported Goods Group increased by 2.20 percent, while the Exported Goods Group increased by 1.06 percent from the previous month.

The Imported Goods group is a dominant contributor to inflation in the International Trade Price Index (IHPI) of 0.97 percent.

Meanwhile, the Export Goods Group contributed 0.60 percent to inflation.

Changes in IHPI ytd 2023 have increased by 0.89 percent, while IHPI yoy decreased by 2.89 percent.