BI Lampung: Inflation Quarter III-2024 Down Due To Food And Beverage Prices Maintained

Illustration (Photo: Doc Antara)

JAKARTA - The Lampung Province Bank Indonesia (BI) Representative Office stated that the decline in inflation in the third quarter of 2024 occurred due to controlled prices of food and beverage groups in its area.

"Inflation in Lampung Province in the third quarter decreased and was maintained in target targets. Annually, inflation in September decreased to 2.16 percent, lower than the previous quarter of 2.84 percent. In line with the decline in inflation in all districts and cities that record consumer price index," said Deputy Head of BI Lampung Province Achmad P. Subarkah reported by ANTARA, Saturday, October 19.

He said the decline in inflation in the third quarter of 2024 was supported by controlled prices of food and beverage groups, especially shallot commodities with a decrease in inflation of 0.18 percent.

Then, garlic decreased to 0.08 percent inflation, and broiler meat decreased to 0.07 percent inflation due to normalization of demand after the national religious holiday period.

"On the other hand, based on the disaggregation, there are 10 commodities with the largest contribution to inflation in the third quarter of 2024 originating from goods and services to the core inflation group, including powder coffee with an increase in inflation of 0.32 percent, academies or universities with an increase of 0.27 percent, gold jewelery an increase of 0.20 percent, sugar 0.11 percent, and a house contract an increase in inflation by 0.08 percent," he said.

He continued, spatially inflation in districts and cities where consumer price index records decreased.

The decline was in Mesuji Regency in the third quarter of the consumer price index to 2.84 from the second quarter of the consumer price index of 3.4.

Then East Lampung Regency, the consumer price index in the third quarter was recorded at 2.57 from the previous 4.06, Metro City, the consumer price index in the third quarter was 1.86 or decreased from the previous quarter of 2.37, and Bandarlampung City, the consumer price index of 1.92 in the third quarter of 2024 decreased from the previous 2.25 value.

"And our commitment to supporting food price stability in Lampung Province is carried out by presenting an inflation store to support the intensification of market operations and the availability of food commodity supplies at affordable prices," he added.

In addition, BI is also preparing an inflation control transport car (TOP) to support the expansion of market operations.