Import, export commodity prices climbed significantly in Mar 2022: BPS
“For instance, the value of Indonesian crude oil (ICP) in the planet industry rose to US$113.50 per barrel in March 2022, up 18.59 p.c as when compared to US$95.72 for each barrel in February 2022,” Yuwono stated all through a digital press conference here on Monday.
The ICP price also increased by 78.74 % as compared to that all through the similar time period of the past yr.
Price tag hikes also occurred in other non-oil and gas commodities in March 2022, either on a thirty day period-on-month (Mom) or yr-on-yr (YoY) foundation.
In comparison with the earlier month, commodities that knowledgeable an raise had been coal, nickel, palm oil, aluminum, gold, and copper, he pointed out.
“For non-oil and fuel commodities, coal recorded a quite significant enhance by 49.91 % this March,” Yuwono said.
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What’s more, nickel and palm oil also registered an improve by 41.26 per cent and 16.72 % respectively as in contrast to the prior month.
Having said that, quite a few commodity selling prices that experienced a decrease in March 2022 (Mom) comprised rubber, a 2.52-per cent drop tin, .08 percent and kernel oil, .05 p.c.
“That’s why, the growth of commodity costs will affect exports and imports in March 2022,” Yuwono mentioned.
He pointed out that quite a few commodities on the chart confirmed a fairly sharp increase. Yuwono believes this would also have an affect on Indonesia’s exports and imports.
Connected information: BPS pegs March inflation at .66%
