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Food Inflation Reaches 9.1% (YoY) in June 2022
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The Central Statistics Agency (BPS) reported that Indonesia's food price index stood at 118.1 in June 2022.
Thus, national food prices experienced a 2.1% inflation compared to the previous month (month-to-month/m-to-m). Similarly, compared to June 2021, food prices experienced a 9.1% inflation (year-on-year/yoy).
Compared to the initial index calculation (2018=100), food prices have even increased by 18.1%.
Food commodities such as chilies, shallots, garlic, and others tend to experience price increases due to a shortage of supply from producers. High rainfall in several food-producing regions has also impacted lower harvests.
Not only in Indonesia, but food price increases have also occurred in several other countries as a consequence of the Russian invasion of Ukraine.
Food price inflation in the United States (US) reached 10.1% (yoy) in May 2022. Meanwhile, global food prices, based on data from the Food and Agriculture Organization (FAO), have increased by 22.85% (YoY).
"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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