JAKARTA The Central Statistics Agency (BPS) reports that at this time the inflation rate tends to be maintained and even lower than the previous months.
Head of BPS Margo Yuwono explained that the general inflation (consumer price index / IHK) in April 2023 was 4.33 percent year on year (yoy). This level is lower when compared to March 2023 by 4.97 percent and February 2023 by 5.47 percent.
"Inflation in Ramadan and Eid 2023 is relatively lower than Eid al-Fitr 2022," he told the media crew in Jakarta on Tuesday, May 2.
According to Margo, there are at least two important reasons why the inflation rate can slope during the peak period of religious holidays. First, the supply of horticultural commodities that are maintained.
"This is supported by harvest activities throughout March-April 2023. In addition, there is a deflation of red chilies and cayenne pepper which reduces the level of general inflation," he said.
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Second, the contribution of inflation to several food commodities which is relatively lower than the momentum of Eid in previous years.
"The April 2023 inflation on a monthly basis is mostly contributed by air transportation rates, intercity transportation rates, gold jewelry. Only then will chicken meat commodities, rice, and filter kretek cigarettes," he said.
Margo said that the sloping inflation of the JCI was also followed by core inflation which fell to 2.83 percent YoY from 2.94 percent in March 2023.
Then, inflation in volatile prices mainly for foodstuffs (volatile food) fell from 5.83 percent to 3.74 percent in April 2023.
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