North Sumatra Investment Book
INFLATION
BB BANK INDONESIA
BANK SENTRAL REPUBLIK INDONESIA
In February 2023, North Sumatra recorded deflation of -0.31% (mtm), down from the previous month which recorded inflation of
0.91% (mtm). This is mainly influenced by the normalization of demand and people's mobility in accordance with historical patterns.
Annually, it was recorded at 5.88% (yoy), lower than 5.99% (yoy) in January 2023. The commodity groups that contributed the largest
annual inflation were the Food and Beverage and Tobacco Group (2.40%) and the Transportation (2.02%). Spatially, the cities
contributing to the highest inflation include Sibolga (6.91%) and Padangsidempuan (6.72%). The inflation rate of North Sumatra in
2023 is predicted to be lower than the previous year supported by an increase in strategic food production. Bank Indonesia of North
Sumatra Province together with the Provincial Government of North Sumatra continue to strive to control inflation, especially ahead
of religious holidays and new year through the synergy of Regional Inflation Control Team (TPID) of North Sumatra.
22
MONTH MONTH TO MONTH
INTE
YEAR ON YEAR
0,16
0,07
6,12
5,88
31
YEAR TO DATE
0,60
0,60
5,47
0,50
-0,31
N. Sumatra
N. Sumatra
Sumatra
Indonesia
N. Sumatra
Sumatra
Indonesia
Sumatra
Indonesia
North Sumatra Investment Book
Source: BPS, processedView entire presentation