Tempo are reporting that Bank Indonesia (BI) has predicted the inflation rate for September 2022 will reach 1.10-percent compared to the previous month as a result of the recent fuel price increases.
Executive Director of BI’s Communication Department, Erwin Haryono, said that the prediction was obtained based on a Price Monitoring Survey conducted in the last week of September.
“The main commodity contributing to September’s inflation is fuel with 0.91-percent (Month-To-Month) and city public transportation with 0.06-percent (Month-To-Month),” Erwin said on Friday, September 30.
Erwin added that other commodities triggering inflation are inter-city public transport, cigarettes, and rice each with 0.02-percent, fish, sand, cement, and household fuel each with 0.01-percent, shallots with 0.06-percent, red chilli peppers with 0.04-percent, cooking oil and chicken with 0.03-percent deflation (all figures are Month-To-Month.)
Tempo note that Bank Indonesia will continue to coordinate with the government and respective authorities and continue to optimize economic policy strategy to maintain macroeconomic stability and financial systems to support further economic recovery.