BPS Reveals Annual Inflation Of 1.55 Percent In November 2024

JAKARTA - The Central Statistics Agency (BPS) noted that year on year (yoy) inflation in November 2024 was 1.55 percent.

This figure is lower than November 2023 by 2.86 percent.

Acting (Plt) Head of BPS Amalia Adininggar Widyasanti said there was an increase in the consumer price index from 104.71 in November 2023 to 106.33 in November 2024.

Amalia said that based on the annual inflation expenditure group, the utam was driven by food, beverage and tobacco groups with an inflation of 1.68 percent by contributing 0.48 percent of inflation.

"Commodities with the largest share of inflation in this group are machine-strench cigarettes with a share of 0.13 percent and rice and shallots each contributing 0.11 percent and other commodities that also contributed to large enough inflation were powder coffee, cooking oil, tomatoes, garlic and chicken meat," he said at a press conference in Jakarta, Monday, December 2.

Amalia said that other commodities outside the food, beverage and tobacco group that also contributed significantly to inflation were gold jewelery, and rice with side dishes each contributed 0.36 percent and 0.06 percent of inflation.

According to Amalia, annual inflation occurs in all components, the core component experiences an annual inflation of 2.26 percent, this component provides the largest inflation by contributing 1.44 percent.

The dominant commodities contributed to inflation, including jewelry gold, powdered coffee, cooking oil, side dishes of rice, and house rental.

Meanwhile, the price regulated by the government experienced an annual inflation of 0.82 percent by contributing 0.16 percent.

The commodities that are dominant in contributing to inflation in November 2024 are machine-sACKed cigarettes, hand-rolled cigarettes, and engine white cigarettes.

He said that the volatile price component experienced deflation of 0.32 percent with a deflation of 0.05 percent.

The dominant commodities that contribute to deflation are red chili and cayenne pepper.