Jakarta, CNBC Indonesia – The Central Statistics Agency (BPS) announced that inflation in October reached 0.17% month on month (mtm) and 2.56% year on year (yoy).
“Inflation is 0.17% on a monthly basis,” said BPS Deputy for Distribution and Services Statistics, Pudji Ismartini in a press conference, Thursday (1/11/2023)
Several events that influence inflation include El Niño which will still remain at a moderate level in October 2023. Then the increase in the BI 7 days reverse repo rate to 6%. Apart from that, there is an increase in non-subsidized fuel prices.
The market consensus gathered by CNBC Indonesia from 11 institutions estimates that inflation in October 2023 will reach 0.26% compared to the previous month (mtm). The poll results also estimate that inflation (year on year/yoy) will be at 2.65% this month. Core inflation (yoy) is estimated to reach 2.00%.
For the record, inflation in September 2023 was recorded at 2.28% (yoy) and 0.19% (mtm) while core inflation reached 2.00% (yoy).
[Gambas:Video CNBC]
Next Article
Young people are pinched, rice price inflation is increasingly skyrocketing
(mij/mij)