The year-on-year (y-on-y) inflation in March 2023 was 4.97 percent. The highest inflation saw in Tual at 7.49 percent.

Release Date	:	April 3, 2023
File Size	:	1.94 MB

Abstract

The year-on-year (y-on-y) inflation rate in March 2023 was 4.97 percent, with a Consumer Price Index (CPI) of 114.36. The highest inflation saw in Tual at 7.49 percent with a CPI of 117.19, while the lowest saw in Merauke at 3.17 percent with a CPI of 112.59.
Inflation occurred as the prices went up, as indicated by the increase in most of the expenditure groups indices, namely: Food, Beverages, and Tobacco Group of 6.05 percent; Clothing and Footwear Group of 1.18 percent; Housing, Water, Electricity, and Household Fuel Group of 2.74 percent; Furnishings, Household Equipment, and Routine Household Maintenance Group of 3.72 percent; Health Group of 2.65 percent; Transport Group of 13.72 percent; Recreation, Sport, and Culture Group of 2.54 percent; Education Group of 2.75 percent; Food and Beverage Serving Services/Restaurant Group of 4.00 percent; and Personal Care and Other Services Group of 4.74 percent. On the other hand, Information, Communication, and Financial Services Group recorded a deflation of 0.23 percent.
The month-to-month (m-to-m) inflation rate in March 2023 was 0.18 percent, and the year-to-date (y-to-d) inflation in March 2023 was 0.68 percent.
For the Core Component, the y-on-y inflation rate in March 2023 was 2.94 percent, the m-to-m inflation rate was 0.16 percent, and the y-to-d inflation rate was 0.63 percent.

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