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BI Board of Governor's Meeting, May 2022

Author

Listed:
  • Jahen F. Rezki

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Syahda Sabrina

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Nauli A. Desdiani

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Teuku Riefky

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Amalia Cesarina

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Meila Husna

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Faradina Alifia Maizar

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

Abstract

The higher consumption due to the fasting month of Ramadhan and ahead of Eid-al-Fitr celebration coupled with the soaring commodity prices during the inflationary pressures have contributed to high headline inflation in April, with the highest contribution coming from volatile and food ingredients components. In contrast, energy prices were still manageable as the GoI continued to implement the energy subsidy and compensation as well as social protection, thus, people’s purchasing power maintained and core inflation remained relatively low. On domestic conditions, Indonesia continued to record positive growth in Q1-2022, supported by persistent domestic consumption, recovery in investment, and higher exports due to soaring commodity prices.

Suggested Citation

  • Jahen F. Rezki & Syahda Sabrina & Nauli A. Desdiani & Teuku Riefky & Amalia Cesarina & Meila Husna & Faradina Alifia Maizar, 2022. "BI Board of Governor's Meeting, May 2022," LPEM FEBUI BI Board of Governor Meeting Brief 202205, LPEM, Faculty of Economics and Business, University of Indonesia, revised May 2022.
    • Handle: RePEc:lpe:gomeet:202205
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    File URL: https://www.lpem.org/repec/lpe/queouts/BBG202205.pdf
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    Keywords

    gdp — economic — economic outlook — inflation — macroeconomics — interest rate;

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