Indonesia: Rice prices refuse to drop, and chicken egg prices increased compared to reference prices

Jakarta, CNBC Indonesia - Entering the eighth day of the fasting period of Ramadan, there is no sign that the price of groceries is getting cheaper. In particular, the price of rice, which remains high, has not moved away from the record level. The Food Agency's Price Panel shows that the price of medium rice on Thursday (30/3/2023, data at 23.05 WIB) was perched at IDR 11,900 per kg. Only IDR 20 down from the previous day. At the beginning of the month, March 1 2023, the price was still at IDR 11,810 per kg. Likewise with the price of premium rice, on March 1 2022 it was still Rp. 13,510 per kg, now it is Rp. 13,620 per kg. This price is the daily national average at the retailer level. Observed, this price is still far above the 2022 price. Where, in March 2022 the price of medium rice averaged IDR 10,850 per kg and last year's highest was still at IDR 11,340 per kg in December 2022. The premium rice price in March 2022 was IDR 12,350 per kg and the highest price in 2022 was IDR ...