BPS Records 2023 Inflation to Reach 2.61 Percent

BPS (Photo: Doc. Antara)

JAKARTA - The Central Statistics Agency (BPS) recorded inflation in 2023 at 2.61 percent year on year (yoy). This figure is still within Bank Indonesia's (BI) target range of 2 percent (yoy) to 4 percent (yoy).

Acting Head of BPS Amalia Adininggar revealed that the increase in inflation at the end of 2023 was due to an increase shown by the increase in all prices for food, beverage, and tobacco expenditure groups.

"The food, beverage, and tobacco group is 6.18 percent, the clothing and footwear group is 0.78 percent, the housing, water, electricity, and household fuel group is 0.50 percent," explained Amalia in her statement, Tuesday, January 2.

Amalia continued, the equipment, equipment, and routine household maintenance group was 1.57 percent, the health group was 1.94 percent, the transportation group was 1.27 percent, the information, communication, and financial services group was 0.20 percent.

There is also a recreation, sports, and culture group at 1.69 percent, an education group at 1.97 percent, a food and beverage/restaurant provision group at 2.07 percent, and a personal care and other services group at 3.55 percent.

Amalia said that in December 2023 the Consumer Price Index (CPI) was 116.56. The highest inflation occurred in Sumenep at 5.08 percent with a CPI of 120.82 and the lowest occurred in Bandung at 0.63 percent with a CPI of 116.16.

Meanwhile, the month to month (mom) inflation rate for December 2023 is 0.41 percent. This figure is higher compared to inflation in November 2023 which was 0.38 percent (mom).

The inflation rate year to date (ytd) in December 2023 is 2.61 percent.