Scary threat after covid-19 is the soaring food prices at world level and in Indonesia

Published 2021년 10월 24일

Tridge summary

The World Food and Agriculture Organization (FAO) has reported that its pagan price index reached a high of 130.01 in September 2021, marking a decade high since January 2011. This increase is attributed to the rising prices of cereals, vegetable oils, dairy products, and sugar. On the other hand, Indonesia's central bank, Bank Indonesia (BI), forecasts an inflation rate of 0.08% for October 2021, which would result in a year-to-date inflation of 0.88%. The main contributors to this inflation include red chili commodities, cooking oil, cayenne pepper, filter kretek cigarettes, and air transportation. However, prices for chicken eggs and tomatoes have seen a decrease.

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

Original content

Jakarta, CNBC Indonesia - The threat of rising food prices is no joke. This will certainly hamper the economic recovery and purchasing power of the people who have been devastated by the corona virus pandemic (Coronavirus Disease-2019/Covid-19). At the world level, the World Food and Agriculture Organization (FAO) pagan price index was at 130.01 in September 2021. This is the highest record since January 2011 or more than 10 years ago. // "The increase in the index in September 2021 was caused by rising prices of cereals and vegetable oils. Dairy products (dairy) and sugar prices also rose, while meat prices tended to be stable," the FAO ...

Source: Cnbcindonesia