Headline inflation accelerated in May amid heightened pressures from rising fuel and food prices. 

Statistics Indonesia (BPS) reported that the consumer price index (CPI) surged by 3.08 percent year-on-year (yoy) in May, though it remained below Bank Indonesia’s (BI) inflation target of 1.5 to 3.5 percent. 

BPS official Pudji Ismartini said on Tuesday that the increase in inflation was mainly driven by the food, beverage and tobacco category, especially fresh fish, rice, chicken meat, cooking oil, chili and machine-made clove cigarettes (SKM). 

Another large contributor came from the personal care and other services group, particularly gold products. 

Inflation in transportation also surged by 2.30 percent yoy in May, with the highest inflation rate of 8.03 percent recorded in consumer prices. The transportation category, which include automotive fuel prices and airfare, contributed 0.28 percent to the annual inflation.

On a monthly basis, inflation in May was up 0.28 percent. In addition to rising food prices, energy commodities have also pushed inflation up, with household fuel contributing 0.03 percent, while nonsubsidized fuel and airfares each contributed 0.02 percent.   

Prospects

Every Monday

With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.

View More Newsletter

By registering, you agree with The Jakarta Post's Privacy Policy

Sign Up

Thank You

for signing up our newsletter!

Please check your email for your newsletter subscription.

View More Newsletter

Read also: Inflation contained, for now

Popular

When Indonesian citizenship is hard to prove

Indonesia plans for where people sleep, not where they live their day

Developmental state ambition: Reading Prabowo’s economic direction