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Sumatera Utara's economy in 2023 will grow by 5.01 percent (c-to-c)

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Release Date	:	February 5, 2024
File Size	:	7.61 MB

Abstract

In January 2024, year-on-year (y-on-y) inflation in Sumatera Utara Province was 2.16 percent with a Consumer Price Index (CPI) of 105.44. Rice is the largest contributor to y-on-y inflation with a contribution of 0.73 percent.
Y-on-y inflation occurred due to an increase in prices as indicated by an increase in the index for all expenditure groups, namely: the food, beverage and tobacco group by 3.60 percent; clothing and footwear group at 2.26 percent; housing, water, electricity and household fuel group at 0.96 percent; equipment, tools and routine household maintenance group of 0.63 percent; health group by 1.37 percent; transportation group at 0.69 percent; information, communication and financial services group at 0.08 percent; recreation, sports and culture group at 2.14 percent; education group at 1.54 percent; food and beverage/restaurant provision group at 2.27 percent; and the personal care and other services group at 3.38 percent.
The month-to-month (m-to-m) inflation rate and year-to-date (y-to-d) inflation rate for Sumatera Utara Province in January 2024 are 0.40 percent each.

Related Official Statistics News

October 2023, Sumatera Utara's exports will increase by 8.41 percent and Sumatera Utara's imports will increase by 2.35 percent

September 2023, Sumatera Utara's exports will decrease by 5.43 percent and Sumatera Utara's imports will decrease by 4.10 percent

November 2023, Sumatera Utara's exports will decrease by 6.80 percent and Sumatera Utara's imports will increase by 17.70 percent

Sumatera Utara's economy in the third quarter of 2023 grew by 4.94 percent (y-on-y) and Sumatera Utara's economic growth up to the third quarter of 2023 (c-to-c) grew by 5.00 percent

May 2024, Sumatera Utara's exports will increase amounting to 24.67 percent

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