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Inflation eases in February as cooking oil price cools
The consumer price index rose 2.06 percent yoy in February, slightly slower than a month earlier.
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A street food vendor fries fish in used cooking oil in Jakarta on Oct. 30, 2018. (The Jakarta Post/Umair )
I
ndonesia recorded a slowdown in inflation in February as the peak consumption season ended while the government tightened mobility curbs amid a surge in COVID-19 cases.
The consumer price index (CPI) was up 2.06 percent year-on-year (yoy) in February, Statistics Indonesia (BPS) reported. This annual inflation rate was slightly slower than the one seen in January at 2.18 percent.
“If we look at the contribution to inflation of 2.06 percent, it was [driven by] cooking oil, which still posted inflation on an annual basis,” Setianto, BPS undersecretary for services and distribution statistics, said at an online briefing on Tuesday.
While inflation tends to ease following the peak spending season during the year-end, the slowdown in February’s inflation occurred as the government tightened mobility restrictions to curb COVID-19 cases driven by the Omicron variant, which peaked in mid-February.
