Indonesia: Food prices drop in August 2021

Published 2021년 9월 2일

Tridge summary

In August 2021, Indonesia's Central Statistics Agency reported a low inflation rate of 0.03%, largely due to a decrease in the prices of basic necessities. The food, beverage and tobacco groups contributed -0.32% to this deflation, with the most significant price drops seen in green vegetables, chicken meat, cayenne pepper, and broiler chicken. However, non-food items such as non-alcoholic and alcoholic beverages, and cigarettes and tobacco saw price increases. Education fees played a role in the overall inflation, with a 0.07% increase due to the start of the new academic year.

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) recorded inflation throughout August 2021 at 0.03%. The low inflation was due to a decrease in the price of basic necessities. The largest deflation was contributed by the food, beverage and tobacco groups of 0.32% with a share of 0.08%. Of the four sub-groups in food and beverage, only 1 experienced deflation and the other three experienced inflation. Those experiencing deflation were the food sub group of 0.48%. Meanwhile, the 3 inflation sub-groups were 0.19% non-alcoholic beverages and 0.35% alcoholic beverages and 0.39% cigarettes and tobacco. "This group contributed to 0.08% deflation in August," said Deputy for Distribution and Service Statistics, Setianto in a virtual press conference, Wednesday (1/9/2021). The commodities that contributed the most to the decline in market prices during August were green vegetables to chicken meat. "The dominant ones contributing or contributing to deflation are cayenne pepper ...

Source: Cnbcindonesia