JAKARTA, March 1 (Xinhua): The Statistics Indonesia (BPS) on Tuesday announced that Indonesia's annual inflation rate in February 2022 fell as the government set the highest retail price for cooking oil following its soaring cost.
BPS Deputy for the Statistics of Distribution and Services Setianto said the country's consumer price index in February was recorded at 2.06 percent year-on-year (yoy), 0.54 percent year-to-date (ytd), and deflation of 0.56 percent month-to-month (mtm).
These figures were lower than the country's January inflation of 2.18 percent yoy, and 0.56 mtm.
"Commodities contributing to this decline were foods, beverages and tobacco," Setianto said in a virtual press conference.
This figure is slightly different from the central bank's estimate that in February the country has the potential for deflation of 0.10 percent mtm, as well as inflation of 1.97 percent yoy and 0.46 percent ytd
Indonesia on Monday (Feb 28) confirmed 25,054 new Covid-19 cases, raising its tally of infections to 5,564,448, the country's health ministry said.
According to the ministry, the death toll from Covid-19 in the country rose by 262 to 148,335, while 43,992 more people recovered from the disease during the past 24 hours, bringing the total number of recoveries to 4,861,415. - Xinhua
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