Sumatra Utara Sees 7.3% Increase in Branded Cooking Oil Prices Over the Past Week

The price of branded packaged cooking oil in North Sumatra was Rp 16,900 per kg on Thursday, February 24, 2022. Compared to other regions, this region showed the highest price increase in the last week.

According to daily commodity price data from the National Strategic Food Price Information Center, the price of branded packaged cooking oil in North Sumatra increased by 7.3% in a week.

Compared to the price 30 days prior, the price of branded packaged cooking oil in this region was still lower by -16.75%.

However, over the past year, the selling price of branded packaged cooking oil in North Sumatra's modern markets has actually decreased. The previous highest record reached Rp 20,550 per kg.

For the January-February 2022 period, the price of branded packaged cooking oil in modern markets showed a downward trend, decreasing by -16.75% compared to the previous month.

The price of branded packaged cooking oil reached its lowest point at Rp 15,750 per kg on Wednesday, February 9, 2022. The highest price ever reached was around Rp 20,550 per kg.

Nationally, the price of branded packaged cooking oil began to fall towards the end of 2021. The average price of branded packaged cooking oil in modern markets was Rp 16,450 per kg, down 3.77% compared to the previous weekend.