Indonesia: Today's rice prices are getting crazy

Published 2022년 12월 1일

Tridge summary

Rice prices in Indonesia are on the rise, contributing to an annual inflation rate of 5.42% in November 2022, as reported by the Food and Statistics Agency (BPS). The national average price of premium rice has increased by IDR 150 to IDR 12,910 per kg, and medium rice by IDR 140 to IDR 11,320 per kg. This increase is due to a seasonal decrease in production and a fuel price adjustment in September 2022. President Joko Widodo (Jokowi) has urged his staff to pay close attention to the inflation rate.

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

Original content

Jakarta, CNBC Indonesia - Rice prices are observed to continue increasing today, Thursday (1/12/2022). Meanwhile, the Food and Statistics Agency (BPS) noted that rice is one of the highest contributors to inflation on an annual basis in November 2022. Where, inflation in November 2022 on an annual basis reached 5.42%. Meanwhile, rice inflation in November 2022 was 0.37%. Recently, President Joko Widodo (Jokowi) has been warning his staff to focus on controlling inflation. And, Jokowi again mentioned it during the handover of the Budget Implementation Entry List (DIPA) and the Book of Allocation Transfers to Regions for the 2023 Fiscal Year at the State Palace, Jakarta, Thursday (1/12/2022). "This is very important, this is the scourge of all countries, inflation. Once again, pay attention to the movement of the inflation rate in each region," said Jokowi. Quoting the National Food Agency's price panel, the price of premium rice today rose by IDR 150 to IDR 12,910 per kg and medium ...

Source: Cnbcindonesia