economics
North Maluku: Ternate's Inflation Peaked at 6.8% in February 2023
Year-on-year inflation in Ternate hit 6.8% in February, while month-to-month prices fell in three months, bottoming at -1.26% in March.
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Layanan ini menggunakan API Badan Pusat Statistik. This service uses the Central Statistics Agency API. From Indonesia.
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Consumer prices in Ternate, the largest city in North Maluku province, followed a sharp seasonal swing in 2023, BPS data shows. Year-on-year inflation reached its highest point in February at 6.8 percent, driven by a 1.
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85 percent month-on-month jump. That spike likely reflected demand pressures ahead of Ramadan, which began in late March that year and typically pushes up food and transport costs.
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The elevated pace persisted through the festive period. April and May recorded year-on-year rates of 5.63 percent and 5.71 percent, coinciding with Ramadan and Idul Fitri.
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Month-on-month increases in those months were 1.32 percent and 0.34 percent. After June's 5.37 percent, the headline number cooled markedly, dropping to 3.34 percent by September.
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Month-to-month figures revealed three months of outright deflation. March saw the steepest fall at -1.26 percent, likely a post-surge correction as supply normalized after February's jump.
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September and November also posted small declines of -0.42 percent and -0.2 percent. For the rest of the year, monthly moves were modest, ranging from near zero in January and June (0.1 and 0.
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01 percent) to a holiday-driven 1.64 percent in December. Year-on-year readings for the final quarter stayed between 3.9 and 4.41 percent, well below the early-year peaks.
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Year-on-year inflation in Ternate hit 6.8% in February, while month-to-month prices fell in three months, bottoming at -1.26% in March.

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