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BI: Retail sales performance expected to strengthen in March 2022

11 April 2022 11:22

JAKARTA - Retail sales performance in March 2022 is predicted to increase. This is reflected in the March 2022 Real Sales Index (IPR) of 204.0, or monthly growth of 2.0% (mtm), higher than -4.5% (mtm) in the previous month.

The increase occurred in most groups, especially the Clothing, Spare Parts and Accessories Group, Cultural and Recreational Goods and Food, Beverages and Tobacco, in line with the increasing public demand during the easing of PPKM, sloping Covid-19 cases, and the start of preparations for the month of Ramadan. On an annual basis, retail sales in March 2022 are predicted to continue to grow, at 8.6% (yoy), or lower than 12.9% (yoy) in February 2022. Groups that recorded high growth include Motor Vehicle Fuels and Food , Beverages and Tobacco

In the previous period (February 2022), the results of the Retail Sales Survey (SPE) indicated that retail sales performance remained strong. This is reflected in the IPR in February 2022 which was recorded at 200.0, or continued to grow strongly at 12.9% (yoy), although not as high as growth in the previous month which was 15.2% (yoy). Groups that recorded strong growth include Food, Beverages and Tobacco, as well as Motor Vehicle Fuel. On a monthly basis, retail sales performance fell -4.5% (mtm), from -3.1 (mtm) in the previous month. The decline occurred in the majority of commodity groups, particularly in the Group of Spare Parts and Accessories, Cultural and Recreational Goods, and Motor Vehicle Fuel.

In terms of prices, respondents predict increased inflationary pressure in May and August 2022 (3 and 6 months). The General Price Expectation Index (IEH) in May is predicted to reach 141.3, higher than 139.1, in line with the historical pattern of rising prices during the Eid HBKN. The August IEH is also forecasted to increase to 132.4 from 129.8. (LM)

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