INFLATION – JAKARTA. Indonesia's inflation condition in March 2023 has increased, compared to the previous month.
The Central Statistics Agency (BPS) recorded, inflation in March 2024 was 0.52% on a monthly basis month on month (MoM), or higher when compared to the inflation condition in February 2024 which was 0.37% MoM.
Acting Head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti stated, in March 2024 on an annual basis there was inflation of 3.05% or year on year (YoY). Meanwhile, inflation on a calendar year basis (March 2024 compared to December 2023) reached 0.93% year to date (YtD).
“The level of monthly inflation in March 2024, is relatively higher compared to the previous month and the same month last year,” said Amalia in a press conference, Monday (1/4).
Read Also: New US Inflation Data Along The Lines of What Fed Wants, Powell Says
Amalia explained, inflation in March 2024 was mainly driven by inflation in the group of food, beverage and tobacco expenditures. This group in February 2024 recorded inflation of 1.42% MoM with an inflation contribution of 0.41%.
Meanwhile, the main commodities contributing to inflation are broiler chicken eggs with a contribution of 0.09%, broiler chicken meat with a contribution of 0.09%, rice with an inflation contribution of 0.09%, as well as cayenne pepper with an inflation contribution of 0.02%, and garlic with an inflation contribution of 0.02%.
Then, in the group of food, beverages and tobacco, there are also several commodities that contribute to deflation. Among them, red chili and tomatoes with a deflation contribution of 0.2% each.
