JAKARTA Bank Indonesia (BI) gave an initial signal regarding the possibility of inflation moving to the top level in the near future. This was revealed from a broadcast by the monetary authority delivered this morning.
Head of the BI Communication Department Erwin Haryono revealed that the central bank's latest projection is based on the results of a survey conducted in January.
"In terms of price, respondents estimate that inflationary pressure in March 2023 will increase," he said, Thursday, February 9.
According to Erwin, this prediction itself cannot be separated from the seasonal momentum that will soon come in the second quarter. In detail, he said that the General Price Expectation Index (IEH) in March 2023 was recorded at 139.1, an increase compared to February 2023 of 134.6.
"The expectation was driven by an increase in prices during the month of Ramadan 1444 Hijri," he said.
However, Erwin is likely to slow down again about two months after the Eid celebration.
"June 2023 inflation will decrease with IEH 138.3 or lower than May 2023 of 140," he said.
For information, inflation is one of the three main concerns of Bank Indonesia in maintaining monetary stability in the country.
VOI noted that the level continued to be controlled with the final figure of 5.28 percent in December 2022. The score was better than November 2023 which amounted to 5.51 percent.
Meanwhile, BI targets general inflation or the consumer price index (CP) to drop to 3 percent plus minus 1 percent in the second semester of 2023. Meanwhile, core inflation is faster with the target of the first semester of 2023.
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