​No. 24/119/DKom

According to data published by BPS-Statistics Indonesia, the Consumer Price Index (CPI) in April 2022 recorded 0.95% (mtm) inflation, up from 0.66% (mtm) one month earlier.  Headline inflation was influenced by a broad build-up of inflationary pressures across all components, namely volatile food, administered prices and core inflation.  Annually, CPI inflation in April 2022 increased to 3.47% (yoy) from 2.64% (yoy) in the previous period.  Moving forward, Bank Indonesia will consistently maintain price stability and strengthen policy coordination with the central and regional governments to control inflation within the 3.0%±1% target corridor in 2022.

Core inflation in April 2022 stood at 0.36% (mtm), rising from 0.30% (mtm) in March 2022.  By commodity, the main contributors to core inflation in the reporting period were dried cookies and motor vehicles in line with the soaring price of cooking oil and increasing community mobility.  Annually, core inflation in April 2022 reached 2.60% (yoy) from 2.37% (yoy) in March 2022.  Core inflation remains under control despite growing domestic demand, supported by maintained exchange rate stability and policy consistency by Bank Indonesia to anchor inflation expectations.

Volatile food in April 2022 experienced 2.30% (mtm) inflation, increasing from 1.99% (mtm) in the previous period.  Higher volatile food inflation in April 2022 stemmed from inflationary pressures on cooking oil, beef, purebred chicken eggs and fresh fish, impacted by an adjustment to the maximum retail price on packaged cooking oil, higher animal feed costs and weather constraints.  In addition, inflationary pressures on volatile food also intensified due to a seasonal spike in demand in line with increasing mobility and national religious holidays (HBKN).  Annually, volatile food inflation increased to 5.48% (yoy) in the reporting period from 3.25% (yoy) one month earlier.

Administered prices in April 2022 recorded higher 1.83% (mtm) inflation compared with 0.73% (mtm) the month earlier.  Administered prices were primarily influenced by inflationary pressures on petroleum, airfares and household fuel in response to a price hike affecting non-subsidised Pertamax fuel, increasing mobility and the imposition of a fuel surcharge by airlines along with higher LPG retail prices.  Annually, AP inflation increased to 4.83% (yoy) from 3.06% (yoy) one month earlier.

Jakarta, 9th May 20222

Head of Communication Department

Erwin Haryono

Executive Director

Information about Bank Indonesia

Tel. 021-131, Email: bicara@bi.go.id