Indonesia: Egg prices are getting thinner, traders are getting sadder

Jakarta, CNBC Indonesia - Entering October, the prices of various basic needs are still sloping. This makes Indonesia's inflationary pressures still weak. Bank Indonesia (BI) reports, based on the Price Monitoring Survey (SPH) week I, inflation in October 2021 is estimated to be low at 0.05% compared to the previous month (month-to-month/mtm). This brings calendar year inflation (year-to-date/ytd) to 0.85% and annual inflation (year-on-year/yoy) to 1.59%. "The main contributors to inflation in October 2021 until the first week were red chili commodities at 0.05% (mtm), cooking oil, filter kretek cigarettes and air transportation each at 0.01% (mtm). Meanwhile, several commodities experienced deflation, including tomatoes and chicken eggs of -0.02% (mtm), broiler chicken, spinach, kale, mustard greens and gold jewelery each -0.01% (mtm)," he said. BI's written statement. Based on the records of the Strategic Food Price Information Center, the average price of fresh chicken eggs ...