Rice Remains the Biggest Contributor to Inflation in September 2023

Economics & Macro

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Nabilah Muhamad 03/10/2023 14:10 WIB

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BPS recorded that inflation in September 2023 reached 0.19% month-on-month (MoM). Rice was the commodity with the largest contribution to inflation, at 0.18% (MoM).

Major Commodities Contributing to Inflation (September 2023)*

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Rice Remains the Biggest Contributor to Inflation in September 2023

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Major Commodities Contributing to Inflation (September 2023)*

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The Central Statistics Agency (BPS) recorded inflation of 0.19% (month-to-month/m-to-m) in September 2023. Acting Head of BPS, Amalia Adinigggar Widyasanti, explained that the monthly inflation rate in that period was higher than the previous month, which recorded a deflation of 0.02% in August 2023.

Six main commodities were the largest contributors to monthly inflation in September 2023. The largest contribution came from rice, whose price has recently often soared.

"The commodity contributing the most to month-to-month inflation was rice, with an inflation contribution of 0.18%," said Amalia in a virtual press conference on Monday (2/10/2023).

Then, gasoline became the next largest contributor to inflation, with a contribution of 0.06% last month. According to Amalia, this is in line with the adjustment of non-subsidized fuel prices.

"Meanwhile, several commodities contributed 0.01% to inflation, namely cellphone pulse rates, academy/university tuition fees, filter kretek cigarettes, and beef," she said.

BPS also found that several food commodities contributed to deflation in September 2023, including shallots, chicken eggs, cayenne pepper, garlic, and red chilies.

Furthermore, according to BPS, airfare also contributed to monthly deflation as the holiday season ended.

BPS also noted that of the 90 cities surveyed, 73 cities in Indonesia experienced inflation and 17 others experienced deflation.

The highest inflation occurred in Tanjung Pandan, Sumatra Island, at 1.14%. The deepest deflation occurred in Manokwari, Maluku Papua Islands, at 1.7%.

(See also: Indonesia's Inflation Reaches Around 2% in September 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."