Inflation CONTINUES To Slope, January Notes At Level 5.28 Percent

Head of BPS Margo Yuwono (Photo: Capture the BPS Youtube screen)

JAKARTA - The Central Statistics Agency (BPS) stated that general inflation or based on the Consumer Price Index (CPI) in January 2023 was 5.28 percent year on year (yoy). The score is lower when compared to December 2022 which amounted to 5.51 percent.

"The inflation in January 2023 is relatively lower than in January the previous year," he said during a press conference on Wednesday, February 1.

Margo explained that the highest annual inflation contributor commodities are gasoline, household fuel, rice, air transport rates, kretek cigarettes, home contracts, and red chilies.

"Inflation in January 2023 has weakened from December 2022," he added.

According to Margo, of the 90 cities surveyed by BPS, there are 26 cities whose inflation is below the national level and 64 cities are higher than nationally.

"The highest inflation is in Kotabaru with 7.78 percent with the main contributor being air transportation fares. Meanwhile, inflation is the lowest in Sorong City at 3.23 percent," he said.

Meanwhile, monthly inflation or month to month was recorded at 0.34 percent with contributors to rice, red chili, fresh fish, and cayenne pepper.

For information, the government targets IHK inflation to drop to a normal level of 3 percent plus minus 1 percent in the second semester of 2023. Meanwhile, core inflation is expected to fall faster in the first semester of 2023.

"Seeing our inflation in January, we should be optimistic but also vigilant amid uncertainty," concluded Margo.