Indonesia's Inflation-Contributing Commodities in November 2024

Economics & Macro

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Nabilah Muhamad 02/12/2024 16:50 WIB

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According to the BPS report, Indonesia experienced a monthly inflation rate of 0.30% in November 2024. Shallots and tomatoes contributed the most to monthly inflation, each accounting for 0.10% (mtm)

Top 5 Commodities Contributing to Monthly Inflation (November 2024)

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Indonesia's Inflation-Contributing Commodities in November 2024

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Top 5 Commodities Contributing to Monthly Inflation (November 2024)

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According to a report by the Central Bureau of Statistics (BPS), Indonesia experienced a monthly inflation rate of 0.30% in November 2024 (month-to-month/mtm).

Acting Head of BPS, Amalia Adinigggar Widyasanti, explained that the monthly inflation was higher than in October 2024, which recorded a rate of 0.08% (mtm).

"The largest contributor to monthly inflation was the food, beverage, and tobacco group, with inflation of 0.78% (mtm) and contributing 0.22% to the overall inflation," said Amalia in an online press conference on Monday (2/12/2024).

Based on commodities, shallots and tomatoes were the biggest contributors to monthly inflation in November 2024, each contributing 0.10%. This was followed by gold jewelry with a contribution of 0.04%.

"Gold jewelry has continuously experienced inflation for the past 15 months," said Amalia.

Meanwhile, broiler chicken and cooking oil each contributed 0.03% to inflation.

In addition, there were also commodities that contributed to deflation or a monthly price decrease, namely chilies (-0.03%), rice (-0.02%), and potatoes and red chilies, each contributing -0.01%.

In November 2024, monthly inflation occurred in 33 provinces, while 5 other provinces experienced monthly deflation.

The highest monthly inflation occurred in Papua Province at 1.41% (mtm). The deepest monthly deflation occurred in West Sulawesi Province at -0.17% (mtm).

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."