Bird's eye chili is still expensive, Bank of Indonesia predicts March inflation of 0.08%

Published 2021년 3월 27일

Tridge summary

In March 2021, Indonesia experienced a monthly inflation rate of 0.08%, with an estimated calendar year inflation of 0.44% and an annual inflation of 1.36%. The inflation was primarily driven by price increases in cayenne pepper, shallots, tomatoes, and goldfish. Meanwhile, red chilies and gold jewelry experienced deflation. The high price of red chilies in Indonesia is due to supply and demand issues, with demand remaining high while supply is low.

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

Original content

Jakarta, CNBC Indonesia - Bank Indonesia (BI) revealed that based on a price monitoring survey in the fourth week of March 2021, Indonesia experienced inflation. In a written release, BI said that in March 2021, inflation is estimated at 0.08% on a monthly basis (month to month / mtm). The inflation forecast for March 2021 is 0.44% in calendar year and 1.36% annually. "The main contributors to inflation in March 2021 until the fourth week were cayenne pepper by 0.04% (mtm), shallots by 0.03% (mtm), tomatoes and goldfish each 0.01% (mtm), "wrote BI in a written statement, Friday (26/3/2021). Meanwhile, several commodities experienced deflation, including red chilies and gold jewelry by -0.03% (mtm). To note, the price of red chili peppers in recent times is still expensive. The price is in the range of Rp. 120 thousand to Rp. 150 thousand per kilogram. The problem of the high price of chili always recurs every year. It felt like an eternal problem that could never be resolved. ...

Source: Cnbcindonesia