Food Prices Fall, Jakarta Experiences Monthly Deflation in October 2022

Economics & Macro

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Cindy Mutia Annur 03/11/2022 14:30 WIB

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Statistics Indonesia reported that DKI Jakarta experienced a monthly deflation of 0.05% (mom) in October 2022.

Monthly Inflation/Deflation Rate in DKI Jakarta (October 2021-October 2022)

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Monthly Inflation/Deflation Rate in DKI Jakarta (October 2021-October 2022)

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The Central Statistics Agency (BPS) reported that DKI Jakarta experienced a monthly deflation of 0.05% (month-on-month/mom) in October 2022.

According to BPS, this deflation occurred due to a decrease in prices in several expenditure groups. The largest monthly deflation occurred in the food commodities group at 0.90% (mom), mainly triggered by the decline in prices of chicken eggs, red chilies, and cooking oil.

Monthly deflation also occurred in the food, beverages, and tobacco group at 0.60% (mom); information, communication, and financial services at 0.17% (mom); and clothing and footwear at 0.05% (mom).

On the other hand, nine expenditure groups experienced monthly inflation, namely energy at 0.50% (mom); personal care and other services at 0.24% (mom); education at 0.21% (mom); and food and beverage services at 0.17% (mom).

Then, the health expenditure group experienced inflation of 0.13% (mom); housing, water, electricity, and household fuel at 0.12% (mom); household equipment, appliances, and routine maintenance at 0.12% (mom); transportation at 0.05% (mom); and recreation, sports, and culture at 0.02% (mom).

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."