Indonesia: Chicken prices will be the culprit for inflation this month

Jakarta, CNBC Indonesia - Bank Indonesia (BI) projects inflation in April at 0.18% compared to the previous month (month to month / mtm). Meanwhile, in calendar year it was 0.63% (ytd) and on an annual basis it was 1.47% (yoy). Head of the BI Communication Department Erwin Haryono said the inflation was due to the increase in a number of food prices ahead of the Idul Fitri holiday. One of them is commodity chicken to gold jewelry. "The main contributors to April 2021 inflation were chicken meat commodities of 0.10% (mtm), oranges by 0.05% (mtm), red chilies, beef, cooking oil and gold jewelry each at 0.01%. (mtm), "he said in an official statement, Friday (23/4/2021). However, based on this BI Price Monitoring Survey, a number of commodities still contributed to deflation. Among them were cayenne pepper at 0.04% and rice which was recorded at 0.01%. "Commodities contributing to deflation are cayenne pepper, water spinach, shallots, spinach, rice and eggs," he explained. According ...