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Impact of Fuel Price Increase, ADB Predicts RI’s Inflation to Rise to 4.6 Percent | merdeka.com

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Merdeka.com – The Asian Development Bank (ADB) or the Asian Development Bank predicts Indonesia’s inflation this year will be at the level of 4.6 percent, up from the previous estimate of 3.6 percent due to an increase in fuel prices.BBM).

“There was an increase in fuel prices in September. This will cause a spike in the price level in September, October and November so that the full year inflation will be around 4.6 percent,” said ADB Senior Economist Henry Ma at the Asian Development Outlook 2022 Update on Indonesia in Jakartaquoted by Antara, Wednesday (21/9).

Henry warned that inflation will still be high until the first semester of 2023 which is estimated to reach 5.5 percent to 6 percent due to the increase in commodity and fuel prices. Not only because of the increase in fuel and commodity prices, high inflation throughout the first semester of next year was also caused by the low inflation base in the same period the previous year.

According to him, the development of Indonesia’s inflation during the first semester of 2022 was still moderate and low so that this became the base year effect on inflation in the first semester of the following year.

However, Henry said that inflation will sag again in the second semester of 2023 in the range of 3.8 percent so that inflation is estimated to reach 5.1 percent next year. “Inflation is estimated to average 5.1 percent in 2023, which is up from the previous projection of 3 percent,” said Henry. [azz]

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