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Food, Beverage, and Tobacco Inflation Rose 3.59% in March 2022

Dzulfiqar Fathur Rahman 19/04/2022 15:20 WIB

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Indonesia's Central Bureau of Statistics (BPS) recorded annual inflation for food, beverages, and tobacco at 3.59% in March.

Annual Inflation Rate of Food, Beverages, and Tobacco Category (November 2021-March 2022)

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Food, Beverage, and Tobacco Inflation Rose 3.59% in March 2022

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Annual Inflation Rate of Food, Beverages, and Tobacco Category (November 2021-March 2022)

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Indonesia experienced a surge in the prices of food, beverages, and tobacco in March 2022.

According to data from the Central Bureau of Statistics (BPS), the consumer price index (CPI) for the food, beverage, and tobacco category experienced an inflation rate or increase of 3.59% (year-on-year/yoy) to 113.32 in March 2022. This inflation is the highest in at least the last five months.

According to BPS, the main commodities driving inflation in this category were the rising prices of red chilies, cooking oil, chicken eggs, shallots, chili peppers, tempeh, raw tofu, chicken meat, beef, garlic, kretek filter cigarettes, papaya, and granulated sugar.

However, BPS noted that a number of food commodities experienced price decreases, namely rice and tomatoes.

The surge in food and beverage prices in Indonesia is common every time before Ramadan, where consumer spending patterns tend to peak.

However, the surge in food prices in March 2022 also occurred amid the Russia-Ukraine war, which has driven up the prices of several food commodities globally, including wheat.

According to BPS records, in March 2022, the price of wheat in the international market rose by 78.05% (yoy) to US$486.3 per ton. Then the international price of soybeans rose by 23.03% (yoy) to US$720.6 per ton.

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."

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Food, Beverage, and Tobacco Inflation Rose 3.59% in March 2022

Food, Beverage, and Tobacco Inflation Rose 3.59% in March 2022

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Food, Beverage, and Tobacco Inflation Rose 3.59% in March 2022

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