Indonesia: The price of chilies has increased by more than 30% in the last month.

Published 2020년 12월 29일

Tridge summary

During the Christmas and New Year holidays, Indonesia experienced a significant increase in the price of strategic chili peppers, with red chilies seeing a 38% increase and curly red chilies a 44% increase within a month. This price hike is expected to contribute to higher monthly inflation. The high margin of trade and transportation for shallots and red chilies, compared to other commodities like rice and chicken, is a factor in the rising prices. The new Minister of Trade, Muhammad Lutfi, has been tasked with identifying the causes of this price increase and stabilizing it.

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

Original content

Jakarta, CNBC Indonesia - The price of strategic chili peppers has increased significantly during the long Christmas and New Year holidays (Nataru). The spicy chili prices in December will drive higher monthly inflation. Based on the Price Monitoring Survey for the third week of December, Bank Indonesia (BI) predicts inflation of 0.36% (month on month / mom) and 1.6% (year on year / yoy). The main contributors to inflation were red chilies by 0.08% (mtm), broiler chicken eggs at 0.06% (mtm), cayenne pepper by 0.04% (mtm), tomatoes by 0.03% (mtm), chicken meat. races of 0.02% (mtm), cooking oil, oranges, carrots, and air transportation rates of 0.01% (mtm) respectively. Referring to data from the National Strategic Food Price Information Center (PIHPS), the price of chili in traditional markets in the country has increased significantly in the past month. The price of the hot spicy has increased by more than 30% compared to last month. The large red chili per kilo is priced at Rp. ...

Source: Cnbcindonesia