News

Cooking oil and chili prices rise in Indonesia

Other Edible Vegetable Oil
Fresh Chili Pepper
Indonesia
Published Dec 5, 2021

Tridge summary

Reporter: Siti Masitoh | Editor: Noverius Laoli KONTAN.CO.ID - JAKARTA. Bank Indonesia (BI) estimates that inflation will occur in December 2021. Based on the Price Monitoring Survey in the first week, namely December 3, 2021, the estimated 2021 inflation will be 1.55%. Head of the BI Communications Department Erwin Haryono said price developments in December 2021 remained under control and inflation was estimated at 0.25% month to month (mtm). "With these developments, the estimated inflation in 2021 will be 1.55%," Erwin said in his report, Friday (3/12).

Original content

He said the main contributors to inflation in the first week of December 2021 were cayenne pepper and cooking oil, each at 0.04% mtm, red chili (0.02%) mtm, chicken eggs, green mustard, kale, soap. detergent powder and air freight rates are 0.01% mtm each. Meanwhile, several commodities experienced deflation, including shallots and beef at -0.01% mtm each. Going forward, Bank Indonesia will continue to strengthen coordination with the government and relevant authorities to closely monitor the dynamics of the spread of Covid-19 and its impact on the Indonesian economy from time to time. "We will also ...
Source: Kontan
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