Global trading platform TridgeGlobal trading platform TridgeGlobal trading platform Tridge
Intelligence & Data
Sign In
Current Plan
Intelligence & Data Solution
Get started with Premium Plan of our Intelligence & Data Solution to get access to premium content and data in food and agriculture
Local News

Cooking oil and chili prices rise in Indonesia

Harga minyak goreng dan cabai naik, simak proyeksi inflasi BI pada 2021
This news article has been translated to English.
Dec 4, 2021
From Kontan
Share This News
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).
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 ...
Was this news article helpful?
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.