Cooking oil and chili prices rise in Indonesia

Published 2021년 12월 4일

Tridge summary

Bank Indonesia forecasts a mild inflation of 1.55% for December 2021, with prices remaining relatively stable in December. The inflation is expected to be 0.25% month-to-month, led by price increases in cayenne pepper and cooking oil, with other commodities such as red chili, chicken eggs, green mustard, kale, soap, detergent powder, and air freight rates also contributing. However, shallots and beef prices saw a slight decrease. The central bank will continue to monitor the economic impact of Covid-19 and work with the government and other authorities to ensure financial and macroeconomic stability, and support economic growth in Indonesia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Reporter: Siti Masitoh | Editor: Noverius Laoli KONTAN.CO.ID - JAKARTA. Bank Indonesia (BI) estimates that inflation will occur in December 2021. Based on the Price Monitoring Survey in the first week, namely December 3, 2021, the estimated 2021 inflation will be 1.55%. Head of the BI Communications Department Erwin Haryono said price developments in December 2021 remained under control and inflation was estimated at 0.25% month to month (mtm). "With these developments, the estimated inflation in 2021 will be 1.55%," Erwin said in his report, Friday (3/12). He said the main contributors to inflation in the first week of December 2021 were cayenne pepper and cooking oil, each at 0.04% mtm, red chili (0.02%) mtm, chicken eggs, green mustard, kale, soap. detergent powder and air freight rates are 0.01% mtm each. Meanwhile, several commodities experienced deflation, including shallots and beef at -0.01% mtm each. Going forward, Bank Indonesia will continue to strengthen coordination ...

Source: Kontan