Indonesia: Eggs and chicken meat hunted during Ramadan, prices soar
Published 2024년 4월 1일
Tridge summary
In March 2024, Indonesia saw a month-to-month inflation rate of 0.56%, largely due to significant price hikes in purebred chicken eggs and meat by 9.40% and 5.64% respectively, as reported by the Central Statistics Agency (BPS). This inflation was attributed to increased demand during the Ramadan period, despite a rise in corn production aimed at reducing animal feed costs. The high demand for poultry products during the festive season played a major role in driving the overall inflation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Jakarta, CNBC Indonesia - The Central Statistics Agency (BPS) announced that inflation in March 2024 will reach 0.56% month to month (mtm). Purebred chicken eggs and purebred chicken meat are the biggest contributors to inflation. "Chicken eggs and purebred chicken meat are the biggest contributing commodities in March 2024," said Plt. Head of the Central Statistics Agency (BPS), Amalia Adininggar Widyasanti in a press conference, Monday (1/4/2024) Inflation for purebred chicken eggs was 9.40% and purebred chicken meat was 5.64%. This was caused by an increase in public demand during Ramadan. "The causal factor is increasing demand ...
Source: Cnbcindonesia
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