BI Estimates Jambi Inflation In August Influenced By Agricultural Productivity Decreased

Illustration (Photo: Doc Antara)

JAKARTA - Bank Indonesia (BI) Jambi Province estimates that inflation in August in the local area will be influenced by a decrease in agricultural productivity during the dry season.

"This is also indicated to increase inflation of foodstuffs groups in connection with the decline in food farming productivity in the midst of the entry of the dry season," said Head of the BI Representative Office Jambi Warsono as reported by ANTARA, Friday, August 9.

Warsono said inflation was also driven by price increases in core commodities such as gold jewelery and administrative price commodities in line with the trend of adjusting a number of regional rates.

In order to mitigate the risk, he said, BI Jambi continued to synergize with local governments through TPID and the Food Task Force and continued the National Movement for Food Inflation Control (GNPIP) and the Cheap Food Movement (GPM) simultaneously to maintain price affordability, supply availability, smooth distribution, and effective communication in efforts to stabilize inflation.

Meanwhile, BPS noted that Jambi Province inflation in July 2024 experienced deflation of 0.82 percent (mtm) and on an annual basis Jambi was recorded to have experienced inflation of 0.90 percent (ytd) and 2.14 percent (yoy).

The Jambi Province's monthly deflation was caused by a decrease in prices on red chili commodities, shallots, broiler meat, green chilies and tomatoes.

The decline in the price of broiler meat, driven by price normalization, is in line with the normalization of the level of demand after the passing of a series of national holidays and community parties.

The entry of the new academic period is also indicated to trigger households to relatively reduce product demand levels in non-education groups.

In addition, the decline in commodity prices was also driven by the decline in feed corn prices in the middle of the peak harvest period for corn commodities in Jambi Province, namely June-July.

The decline in the prices of red chilies, green chilies and shallots was driven by supply stabilization amid the entry of the main harvest period for these commodities in Jambi Province and other supplier areas, namely the island of Java.

The decline in the price of tomatoes is indicated by an increase in supply in line with the main harvest of tomatoes in Kerinci Regency and Muaro Jambi Regency.