Indonesia: Cooking oil, eggs, and cigarettes drive inflation in August

Published 2021년 8월 20일

Tridge summary

The Bank Indonesia Price Monitoring Survey for the third week of August 2021 reported a monthly inflation rate of 0.04% due to price increases in commodities like cooking oil, tomatoes, broiler eggs, and filtered clover cigarettes. The annual inflation rate is projected to be 0.85% and 1.60%, driven by these commodities. The survey also noted deflation in some commodities and indicated that Bank Indonesia would monitor the economic impacts of COVID-19 and coordinate with the government and other authorities to stabilize the macroeconomy and support economic growth.

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Original content

With this development, the inflation on a calendar year basis is estimated to reach 0.85 percent (year-to-date) and 1.60 (year-on-year) on an annual basis. Jakarta (ANTARA) - Commodities, such as cooking oil, tomatoes, broiler eggs, and filtered clover cigarettes, drove inflation until the third week of August 2021, according to the Bank Indonesia (BI) Price Monitoring Survey (SPH). The survey has projected inflation to reach 0.04 percent on a monthly basis (month-to-month or mtm) until the third week of August 2021. “With this development, the inflation on a calendar year basis is estimated to reach 0.85 percent (year-to-date) and 1.60 (year-on-year) on an annual basis,” BI's communication department head Erwin Haryono noted in a press statement here on Friday. The SPH-based inflation monitoring is still similar to the survey conducted by BI until the second week, according to Haryono. BI furnished details on the inflation contributors until the third week of ...

Source: Antaranews