TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Indonesian inflation rises to BI recovery target
The consumer price index rose 2.18 percent year-on-year in January, just exceeding the lower bound of Bank Indonesia’s target range of 2 percent.
Change Size
A worker unloads 3 kilogram LPG containers at a gas distribution point in Taktakan, Serang, Banten, on April 9, 2020. (Antara/Asep Fathulrahman)
I
nflation picked up in January and returned to Bank Indonesia’s (BI) target range for the first time since May 2020 as the country’s economy showed signs of gradual recovery from the COVID-19 pandemic.
The consumer price index (CPI) was up 2.18 percent year-on-year (yoy) in January, Statistics Indonesia (BPS) reported on Wednesday, just exceeding the lower bound of BI’s target range of 2 percent.
The end of a luxury tax (PPnBM) cut for new cars in December 2021 and a price increase in nonsubsidized liquified petroleum gas (LPG) contributed to the inflation seen in January, according to BPS head Margo Yuwono.
“Inflation in January was due not only to seasonal factors but also other factors,” Margo said in a press briefing on Wednesday. “There were also government policies that controlled prices that affected inflation.”
