Bandung City Inflation Recorded 0.04 Percent In October 2024

The main ingredient is the driving force for inflation in the city of Bandung (doc. West Java Provincial Government).

JAKARTA - The Bandung City Central Statistics Agency (BPS) reported that Bandung City's inflation in October 2024 reached 0.04 percent on a monthly basis (month-to-month).

Meanwhile, Bandung City's annual year-on-year inflation was recorded at 1.66 percent, below the West Java inflation average of 1.92 percent and the national one.71 percent.

Launching the West Java Provincial Government website, the largest contribution to inflation in October 2024 came from the food, beverage and tobacco group.

According to BPS data, the commodity most influential on inflation in October is rice. Rice prices continue to rise and make a significant contribution to inflation both monthly and annual.

In addition, jewelry gold also plays a role as a driver of inflation, especially in groups of personal care and other services. Other commodities that contributed were cooking oil and shallots, although their contribution was relatively small.

In the expenditure group, the highest increase occurred in food, beverage and tobacco groups with a share of 0.07 percent in monthly inflation.

For annual inflation, this group also contributed the largest contribution, which was 0.95 percent. Followed by groups of personal care and other services that contributed 0.44 percent.

Other commodities such as side dishes in the food and beverage supply/restaurant group contributed 0.17 percent on an annual basis.

Regionally, Bandung City's month-to-month inflation is in fifth place, the lowest of 10 cities and districts in West Java.

The increase in food prices such as rice caused by weather conditions and distribution is predicted to still affect inflation in the next few months.

BPS appealed for anticipation and stabilization of basic food prices amid increasing demand towards the end of the year.