Indonesia: It's said that the Covid-19 situation is under control; have the food prices started to increase?

Published 2021년 8월 22일

Tridge summary

Indonesia's inflation rate in August 2021 was 0.04% compared to the previous month, a decrease from July's inflation of 0.08%. The year-to-date inflation was 0.85% and the annual inflation was 1.6%. The price monitoring survey by Bank Indonesia found that cooking oil, tomatoes, broiler eggs, and filtered kretek cigarettes were the main contributors to inflation, while cayenne pepper, red chili, kale, spinach, mustard greens, long beans, oranges, gold jewelry, and intercity transportation experienced deflation. The average national price of medium rice decreased by 0.43% and the price of purebred chicken decreased by 5.46% from the previous month.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Indonesia's inflation rate is still slow, indicating sluggish demand. The limited activity and mobility of the community causes demand to remain limited. Bank Indonesia (BI) in the Price Monitoring Survey up to week III estimates inflation in August 2021 at 0.04% compared to the previous month (month-to-month/mtm). If this materializes, there will be a slowdown compared to July 2021 inflation of 0.08% mtm. Meanwhile, calendar year inflation (year-to-date/ytd) was 0.85% and annual inflation (year-on-year/yoy) was 1.6%. "The main contributors to inflation in August 2021 until the third week are cooking oil commodities at 0.03% (mtm), tomatoes at 0.02% (mtm), broiler eggs and filtered kretek cigarettes each at 0.01% (mtm). Meanwhile, several commodities experienced deflation, including cayenne pepper by -0.05% (mtm), red chili by -0.02% (mtm), kale, spinach, mustard greens, long beans, oranges, gold jewelery and intercity transportation, respectively -0.01% ...

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