Cooking Oil Prices in Riau Increased by 3.43% in One Week

Economics & Macro

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Agus Dwi Darmawan 31/05/2024 17:45 WIB

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The average price of cooking oil in modern markets is Rp 21,000.

Three-Month Trend of Cooking Oil Prices in Riau (Friday, May 31, 2024)

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Cooking Oil Prices in Riau Increased by 3.43% in One Week

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Three-Month Trend of Cooking Oil Prices in Riau (Friday, May 31, 2024)

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Cooking oil prices in Riau reached Rp 22,600 per kg on Friday, May 31, 2024. This represents the highest weekly price increase compared to other regions.

According to daily commodity price monitoring data from the National Strategic Food Price Information Center, cooking oil prices in Riau rose by 3.43% over the past week.

Compared to prices 30 days prior, cooking oil prices in the region have increased by 1.8%.

However, over the past year, cooking oil prices in Riau's modern markets have actually decreased. The previous highest price reached Rp 22,900 per kg.

From January to May 2024, cooking oil prices in modern markets have steadily increased, rising 2.73% compared to the previous month.

Cooking oil prices reached a low of Rp 21,150 per kg on Tuesday, March 12, 2024, and a high of Rp 22,900 per kg this year.

Nationally, cooking oil prices began to fall towards the end of 2021. The average price of cooking oil in modern markets is Rp 21,427.94 per kg, down 0.4% 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."