In Indonesia, September deflation was caused by chicken eggs, cayenne pepper and shallots

Published 2021년 10월 2일

Tridge summary

The Central Statistics Agency of Indonesia reported a deflation of 0.04% in September 2021 compared to the previous month, with a Consumer Price Index (CPI) of 106.53. This deflation was largely due to a decrease in the food, beverage and tobacco group by 0.47%, and the information, communication and financial services group by 0.01%. The price of chicken eggs, cayenne pepper, and shallots specifically contributed to this decrease. However, the rise in cooking oil prices mitigated this deflation. Inflation was driven by volatile component prices and government-set prices for items such as gasoline and cigarettes. The deflation was experienced in 56 out of 90 CPI cities, with the highest deflation found in Gorontalo at 0.9%, and the lowest inflation was in Pangkal Pinang at 0.6%.

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 there was deflation or minus 0.04% in September 2021 compared to the previous month (month to month/mtm)m with a Consumer Price Index (CPI) price of 106.53. Head of BPS Margo Yuwono explained that deflation in September was shown by the decline in several indexes for expenditure groups, namely the food, beverage and tobacco group by -0.47% and the information, communication and financial services group by -0.01%. "Food, beverages, and tobacco contributed to deflation of 0.12%. The main commodities causing it were chicken eggs at -0.07%, cayenne pepper at 0.03%, and shallots at -0.03%, "explained Margo at a press conference, Friday (1/10/2021). "Meanwhile, the commodity that inhibits deflation or inflation is the rising price of cooking oil with a share of 0.02%," Margo continued. Deflation that occurred in September 2021 according to its components, said Margo, was driven by volatile component prices of ...

Source: Cnbcindonesia