BI DKI Said Jakarta's Inflation In November Was Low

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JAKARTA - Head of Bank Indonesia Representative for DKI Jakarta Province, Arlyana Abubakar, revealed that the Jakarta consumer price index (IKH) in November 2022 experienced inflation of 0.05 percent (month to month/mtm) or quite low.

On an annual basis, DKI Jakarta's inflation in November 2022 was recorded at 4.11 percent (year on year/yoy), lower than national inflation at 5.42 percent (yoy).

"As an accumulation of January-November 2022, inflation for the calendar year in DKI Jakarta is recorded at 3.64 percent (year to date/ytd), it is still in the target range of 3 percent: 1 percent (yoy) and is lower than national inflation of 4.82 percent (ytd) and other provinces in Java," said Arlyana in his statement, Sunday, November 4.

Arlyana explained that inflation in November 2022 came from rising prices in other personal care and services groups as well as groups of equipment, equipment and routine maintenance of households.

In detail, private care groups and other services in November 2022 experienced inflation of 0.42 percent (mtm), thus contributing 0.03 percent to IHK inflation.

Inflation in the group mainly came from an increase in gold jewelery prices by 1.18 percent (mtm) driven by an increase in global gold prices.

The group of equipment, equipment and routine maintenance of households also experienced inflation of 0.25 percent (mtm) with a contribution of 0.02 percent to IHK inflation.

Inflation in this group was mainly caused by an increase in prices on housing rental commodities by 0.25 percent (mtm) and service AC 4.80 percent (mtm).

Furthermore, the inflation rate of DKI Jakarta in November 2022 could be restrained due to inflation in the food, beverage and tobacco group of -0.15 percent (mtm) with a share of -0.03 percent of IHK inflation.

The deflation in the group was driven mainly by a decline in the price of red chilies -13.16 percent (mtm), cayenne pepper -15.46 percent (mtm), and cooking oil 0.93 percent (mtm).

"The inflation rate of DKI Jakarta in November 2022 which is considered controlled cannot be separated from the results of coordination and steps taken by the Regional Inflation Control Team (TPID) of DKI Jakarta Province, including in the context of implementing the National Food Inflation Control Movement (GNPIP)," he added.