Food Inflation June 2024 Capai 5.96 Percent Annually

Food inflation (Photo: Antara)

JAKARTA - The Central Statistics Agency (BPS) reported that inflation in volatile food or volatile food components in June 2024 reached 5.96 percent on an annual basis, aka year on year (YoY) with an inflationary contribution of 0.96 percent.

Acting President Secretary of BPS Imam Machdi said that the inflation pressure of volatile price components had decreased but was still high. Because, component inflation in May 2024 was higher, reaching 8.14 percent.

"The volatile price component experienced 5.96 percent inflation with a share of 0.96 percent," he said at the Press Conference, Monday, July 1.

Imam said that the commodities that contributed to inflation were rice, red chili, and shallots.

Meanwhile, the other components that contributed were core inflation of 1.90 percent (yoy) with an inflationary contribution of 1.22 percent. Or there was an increase in the index from 102.25 in June 2023 to 104.19 in June 2024.

Meanwhile, commodities that contributed to core inflation in June 2024 include gold jewelry, sugar, and rice with side dishes.

Meanwhile, inflation in the price component regulated by the government or administrative prices was recorded at 1.68 percent and contributed to inflation of 0.33 percent.

Imam conveyed that the commodities that contributed to inflation in this component were Machine Kretek Cigarettes (SKM), air transportation rates, and hand-kretek cigarettes.

Meanwhile, on an annual basis or year on year (yoy) inflation in June 2024 was 2.51 percent or sloping from annual inflation in May 2024 of 2.84 percent. Meanwhile, inflation in the calendar year or year to date (ytd) was 1.07 percent.