Chili Peppers Were the Biggest Driver of Inflation in November 2023

Economics & Macro

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Nabilah Muhamad 04/12/2023 16:00 WIB

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BPS reported that inflation in November 2023 reached 0.38% (month-to-month/m-to-m). Red chilies and chili peppers were the biggest contributors, with shares of 0.16% and 0.08%, respectively.

Major Commodities Contributing to Inflation (November 2023)*

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Chili Peppers Were the Biggest Driver of Inflation in November 2023

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Major Commodities Contributing to Inflation (November 2023)*

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The Central Statistics Agency (BPS) reported that Indonesia's inflation reached 2.86% year-on-year (yoy) and 0.38% month-to-month (mtm) in November 2023.

BPS Deputy for Balance and Analysis, Moh. Edy Mahmud, explained that the monthly inflation rate in that period was higher than the previous month, which recorded inflation of 0.17% in October 2023.

Edy stated that red chilies and chili peppers were the main commodities contributing to the largest inflation last month, with shares of 0.16% and 0.08%, respectively. Edy also explained the reasons for the rising chili inflation.

"Due to unpredictable weather, insufficient supply, and distribution constraints," said Edy in an online press conference on Friday (1/12/2023).

Airfare was the next largest contributor to inflation, with a share of 0.04% in November 2023. This was followed by gold jewelry and shallots, both with a share of 0.03%.

Rice also contributed to inflation last month, at 0.02%. Then, piped water tariffs, granulated sugar, and chicken eggs each contributed 0.01% to inflation throughout November 2023.

Meanwhile, several food commodities contributed to deflation in November 2023, namely gasoline, fresh fish, and chicken meat.

BPS also noted that out of 90 surveyed cities, 79 cities in Indonesia experienced inflation and 11 cities experienced deflation.

The highest national inflation occurred in Bandar Lampung City, Lampung, at 1.05% (mtm). Meanwhile, the deepest deflation occurred in Tual City, Maluku, at 0.51% (mtm).

(See also: Indonesia's Inflation at 2.86% as of November 2023)

Editor : Erlina Fury Santika

"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."