BPS Records Indonesian Annual Inflation Reaches 1.57 Percent In December 2024

Acting Head of BPS Amalia Adininggar Widyasanti. (Photo: Doc. ANTARA)

JAKARTA - The Central Statistics Agency (BPS) noted that year on year (yoy) inflation in December 2024 was 1.57 percent.

The inflation for the month to month (mtm) in December 2024 was recorded at 0.44 percent.

Acting Head of BPS Amalia Adininggar Widyasanti said there was an increase in the consumer price index from 105.15 in December 2023 to 106.80 in December 2024.

He conveyed, based on its distribution group, annual inflation was mainly driven by food groups, shortages and Embezzlement with inflation of 1.90 percent.

"This group contributes 0.55 percent to inflation in general," he said at a press conference in Jakarta, Thursday, January 2.

Amalia detailed that the commodities with the largest share of inflation in this group were machine kretek cigarettes with a share of 0.13 percent and cooking oil with a share of 0.11 percent.

Other commodities that also contributed to large enough inflation were rice, powdered coffee, shallots, fresh fish, chicken meat and garlic.

Other commodities outside the food, beverage and tobacco group that also contributed significantly to inflation were gold jewelery, and rice with side dishes each contributed 0.35 percent and 0.06 percent of inflation.

Meanwhile, the expenditure group that experienced deflation was the transportation group with a deflation contribution of 0.04 percent.

The deflation was driven by deflation in the air transportation tariff commodity in December 2024.

According to Amalia, annual inflation occurs in all components, the core component experiences an annual inflation of 2.26 percent, this component provides the largest inflation by contributing 1.44 percent.

"And it is the biggest part of inflation," he continued.

The dominant commodities contributed to inflation, including jewelry gold, powdered coffee, cooking oil, side dishes of rice, and house rental costs.

Meanwhile, the price regulated by the government experienced annual inflation of 0.56 percent by contributing 0.11 percent.

The commodities that dominantly contributed to inflation in December 2024 were machine-strenched cigarettes, hand-rolled cigarettes, and engine white cigarettes.

He said that the volatile price component experienced inflation of 0.12 percent with an inflationary contribution of 0.02 percent.

The dominant commodities that contribute to inflation for this symptomatic price component are rice, red bag, broiler meat, garlic and broiler eggs.