Not Beef, The Biggest Inflation During Eid Is Believed From This Price

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA The Central Statistics Agency (BPS) stated that a number of prices for basic necessities are believed to increase along with the increase in demand in the Ramadan period until the approaching Eid Al-Fitr.

Deputy for Distribution and Services Statistics, BPS Pudji Ismartini, said this pattern was recorded from data compiled in the last four years. It is stated that several commodities that are subscribed to high inflation contributors include beef, eggs, onions, and fresh fish.

"We need to be aware of the rising prices of several commodities that may be affected by high demand ahead of Eid al-Fitr," he said while giving an explanation to reporters, quoted on Tuesday, April 4.

Pudji explained that there is a need for people who are not actually in the main category but are believed to have the highest contribution in inflation.

"It's like an air transportation fare," he said.

According to him, historically, aircraft ticket prices have had the strongest contribution during Eid inflation which has occurred since three years ago or to be precise in May 2020.

However, Pudji revealed that inflation in Ramadan 2023 was generally under control. This is reflected in IHK inflation which fell to 4.97 percent year on year (yoy) in March from the previous 5.47 percent in February.

Meanwhile, monthly inflation (month to month/mtm) only slightly increased from 0.16 percent in February to 0.18 percent in March.

In fact, public demand has been recorded to slow down in Ramadan this time. The reason is, core inflation, which describes demand and direct offers, is known to slow down to 3.09 percent in February to 2.94 percent in March.

"Inflation in the month of Ramadan this year is relatively lower than the previous year," said Pudji.