Highest Level Of Rice Prices In History Throughout The Sales Chain

Illustration (Photo: Doc. ANTARA)

JAKARTA - The Central Statistics Agency (BPS) revealed that the increase in rice prices occurred throughout the sales distribution chain in February 2024 and rice prices have even reached the highest level in history.

Deputy for BPS Production Statistics, M. Habibullah said that in February 2024 rice commodities experienced inflation again, which was 5.32 percent with a contribution of 0.21 percent of rice commodities contributed to the largest inflation, both month to month (mtm), year to date (ytd), and year on year (yoy).

"In general, the increase in rice prices occurred in 37 provinces, while rice prices in 1 other province showed a decline," Habibullah said at a press conference, Friday, March 1, 2024.

Meanwhile, in February 2024 the average rice price at the retail level was IDR 15,157 per kilogram (kg), an increase of 24.65 percent on an annual basis and an increase of 6.7 percent compared to the previous month.

Meanwhile, at the wholesale level, the average rice price is IDR 14,396 per kg, an increase of 20.08 percent on an annual basis and an increase of 5.96 percent compared to January 2024.

Meanwhile, at the milling level, the average rice price is Rp. 14,274 per kg or an increase of 24.65 percent on an annual basis and 6.76 percent on a monthly basis.

"The average price of the various types of quality of all rice in all regencies/cities where February 2024 is the highest price compared to the previous periods," he said.

The increase in rice prices occurred in line with the price of unhulled rice which also increased throughout the distribution chain. The average dry harvest price (GKP) reached IDR 7,261 per kg or skyrocketed 33.48 percent on an annual basis, and rose 6.13 percent on a monthly basis.

Meanwhile, the average price of milled dry unhulled rice (GKG) reached IDR 8,591 per kg, an increase of 27.14 percent on an annual basis and shot up 4.86 percent on a monthly basis.

For information, along with the price increase that occurred, rice became the main trigger for inflation last February.

BPS noted that rice commodities contributed to monthly inflation by 0.21 percent, on an annual basis 0.67 percent, and on a calendar year of 0.24 percent.