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Despite Rising Fuel Prices, Sugar Prices Remain Stable

Adi Ahdiat 21/09/2022 16:00 WIB

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Following the fuel price hike, several commodities have remained relatively stable in price, one of which is granulated sugar.

National Average Price of Granulated Sugar per Month (January 2018-September 2022)

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National Average Price of Granulated Sugar per Month (January 2018-September 2022)

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The Indonesian government raised the price of fuel (BBM), specifically Pertalite, Solar, and Pertamax, starting September 3, 2022.

This fuel price increase did not immediately lead to a rise in food commodity prices. Several commodities remained relatively stable, including granulated sugar.

Based on data from the Ministry of Trade's Market and Basic Needs Monitoring System (SP2KP), the national average price of granulated sugar in September 2022 was Rp14,400/kg, unchanged from the previous month.

However, the current price of granulated sugar is still approximately 11.62% higher than a year ago. An upward trend in the national price of granulated sugar has been observed since the beginning of 2022, as shown in the graph.

Other staple foods, such as rice, experienced price increases after the fuel price hike. In September 2022, the national average price of medium-grain rice increased by 0.9% month-on-month (mom) and 2.9% year-on-year (yoy).

In September 2022, the price of premium rice also rose by 0.8% month-on-month (mom) and 2.4% year-on-year (yoy), reaching its highest price since 2018.

Editor : Adi Ahdiat

"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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Despite Rising Fuel Prices, Sugar Prices Remain Stable

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