Lebaran 2023 Inflation Ready To Be Released, How Is The Last Development?

Illustration (Photo: Doc. Antara)

JAKARTA The Central Statistics Agency (BPS) today, Tuesday, May 2, will report the latest developments in the inflation rate after the Ramadan and Eid Al-Fitr 2023 periods. This was revealed from the information shared on the official website.

The statistical release of the portrait of Ramadan and Eid al-Fitr inflation in 2023, was revealed by the Central Statistics Agency.

In addition, it will also be conveyed about the consumer trade price index in April 2023, the large trade price index, the farmer exchange rate, the producer's unhulled price, to the development of tourism and transportation.

So, what about the latest inflation development before Ramadan? The editor noted that the price of material needs for the community this year does not fluctuate significantly and even tends to decline.

This indication can be seen from general inflation (consumer price index / IHK) which fell from 5.47 percent year on year (yoy) in February to 4.97 percent in March. The decline in inflation occurred in all groups, namely core, volatile food, and administrative prices.

Core inflation in March 2023 continued to slow down from 3.09 percent yoy to 2.94 percent influenced by inflation expectations and declining imported inflationary pressures. This is also supported by adequate aggregate supplies in response to the increase in demand for goods and services.

Meanwhile, volatile food inflation fell from 7.62 percent yoy in February 2023 to 5.83 percent. Meanwhile, the administrative prices group experienced inflation of 11.5 percent, lower than inflation in the previous month which was 12.2 percent.

For information, the target for IHK inflation and core inflation for the 2023 period is 3 percent plus minus 1 percent.