Rice Prices in Indonesia Increased by 14% Throughout 2023
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Based on data from the National Food Agency (Bapanas), the average price of rice in Indonesia increased throughout 2023.
This price increase occurred in both premium and medium-quality rice.
In January of the previous year, the average price of premium rice at the retail level was still Rp13,140 per kilogram (kg).
By December 2023, the price had risen to Rp14,990 per kg, or 14.08% year-to-date (ytd).
The price of medium rice also increased by 14.20% (ytd), from Rp11,550 in January to Rp13,190 in December 2023.
Despite the increase, rice prices in Indonesia remain relatively lower than in other countries.
According to Numbeo data, at the beginning of January 2024, the average price of rice in Indonesia was the fifth cheapest out of 97 countries.
For comparison, the current price of rice in the United States is Rp71,750 per kg, South Korea Rp51,865 per kg, and Singapore Rp38,629 per kg.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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