Rice Prices in West Sumatra Increased by 5.34% in a Week

Economics & Macro

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Agus Dwi Darmawan 31/12/2022 16:53 WIB

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Rice Price Developments in West Sumatra Over the Last Three Months (Friday, December 30, 2022)

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Rice Prices in West Sumatra Increased by 5.34% in a Week

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Rice Price Developments in West Sumatra Over the Last Three Months (Friday, December 30, 2022)

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The price of rice in West Sumatra reached Rp 17,750 per kg on Friday, December 30, 2022. Compared to other regions, this was the highest price increase in the past week.

According to daily commodity price monitoring data from the National Strategic Food Price Information Center, rice prices in West Sumatra increased by 5.34% within a week.

Compared to prices 30 days prior, rice prices in the region have increased by 6.93%. This signifies a significant surge within a month. Furthermore, compared to the last year's prices, the current selling price of rice in West Sumatra's modern markets is the highest on record.

For the period of January-December 2022, rice prices in modern markets continued to rise, increasing by 6.93% compared to the previous month.

Rice prices reached their lowest point at Rp 15,150 per kg on Monday, January 3, 2022. The highest price reached this year was around Rp 17,750 per kg.

Nationally, rice prices began to rise towards the end of 2021. The average price of rice in modern markets was Rp 13,690 per kg, a 0.53% increase compared to the previous weekend.

"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."