Tofu and Tempe Prices Hit Record High Since the Beginning of the Year

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Adi Ahdiat 01/11/2022 16:00 WIB

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The Indonesian Statistics Agency (BPS) reports that the national average price of tofu and tempeh has increased and reached a record high in October 2022.

Average Prices of Tofu and Tempeh in Indonesia (January-October 2022)

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Tofu and Tempe Prices Hit Record High Since the Beginning of the Year

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Average Prices of Tofu and Tempeh in Indonesia (January-October 2022)

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The Central Statistics Agency (BPS) reports a national average price increase for tofu and tempeh.

The average price of tofu in October 2022 reached Rp11,438/kg, while tempeh reached Rp12,667/kg. This is the highest record since the beginning of the year, as shown in the graph. According to BPS, this is influenced by the rising price of soybeans in the global market.

"Soybean prices have continued to increase from US$606 per ton in January 2022 to US$664 per ton in September 2022," said BPS.

In general, in October 2022, Indonesia experienced annual inflation of 5.71% (year-on-year/yoy). Meanwhile, on a monthly basis, Indonesia's Consumer Price Index (CPI) in October 2022 experienced deflation of 0.11% (month-on-month/mom).

BPS noted that the monthly deflation in October 2022 was influenced by the decrease in prices of several food commodities, such as red chilies, chicken eggs, chicken meat, chili peppers, cooking oil, tomatoes, shallots, and green chilies.

However, the prices of rice, tofu, and tempeh increased and contributed to national inflation.

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."