Rice Prices Soar To Be The Largest Andil Inflation In February 2024

Rice (photo: Doc Antara)

JAKARTA - The Central Statistics Agency (BPS) revealed that rice commodities took the highest part in the increase in inflation that occurred in February 2024.

Deputy Head of BPS for Production Statistics M Habibullah said inflation in February 2024 was 0.37 percent on a monthly basis or month to month (mtm) or higher than in January 2024 which was only 0.04 percent.

Meanwhile, when compared to the same period last year, Indonesia's inflation in February 2024 reached 2.75 percent year on year (yoy). This figure is also higher than February 2023 which was 2.57 percent.

"The monthly inflation rate in February 2024 is higher than the previous month and the same month last year," said BPS Deputy for Production Statistics M. Habibullah in a press conference, Friday, March 1, 2024.

In addition, the increase also occurred in the consumer price index (IHK) from 105.19 in January 2024 to 105.58 in February 2024.

Meanwhile, the largest monthly inflation contributor expenditure group is food, beverages, and tobacco, namely 1 percent inflation and 0.29 percent inflation.

Furthermore, the main contributor commodities to inflation on a monthly basis or month to month (mtm) are rice at 0.21 percent; red chilies at 0.09 percent, broiler eggs at 0.04 percent, broiler meat at 0.02 percent, cooking oil, machine kretek cigarettes (skm), and potatoes at 0.01 percent each.

Meanwhile, commodities that are dominant in contributing or contributing deflation (mtm), namely shallots by 0.04 percent, tomatoes by 0.03 percent, cayenne pepper by 0.02 percent, fresh fish by 0.01 percent.

Meanwhile, the main contributor commodities to inflation on an annual basis or year on year (yoy) are rice at 0.67 percent, red chili at 0.17 percent, broiler meat at 0.14 percent, engine kretek cigarettes (SKM) at 0.13 percent, tomatoes at 0.11 percent, and garlic at 0.10 percent.