Raised Chicken, Cooking Oil And Cigarettes Predicted To Contribute To September Inflation

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JAKARTA - Bank Indonesia (BI) estimates that there will be 0.01 percent inflation on a monthly basis (month to month/mtm) in consumer price developments in September 2021. This is due to price movements of broiler chicken, cooking oil, green mustard, air transportation, to filter kretek cigarettes.

This estimate refers to the Price Monitoring Survey (SPH) until the second week of September 2021.

"With these developments, the estimated inflation in September 2021 on a calendar year basis is 0.85 percent (year to date) and 1.65 percent (year on year) on an annual basis," said Chief Executive Director of the BI Communications Department Erwin Haryono in a written statement. in Jakarta, reported by Antara, Friday, September 10.

BI noted that the main contributors to inflation from September 2021 to the second week were broiler meat at 0.03 percent (mtm), cooking oil at 0.02 percent (mtm), mustard greens, spinach, tomatoes, air transportation and filtered kretek cigarettes respectively. respectively by 0.01 percent (mtm). Meanwhile, several commodities also experienced deflation, including chicken eggs at 0.06 percent (mtm), shallots and cayenne pepper each at 0.03 percent (mtm), red chili by 0.02 percent (mtm) and garlic by 0.01 percent (mtm).

Erwin said BI will continue to strengthen coordination with the government and relevant authorities to closely monitor the dynamics of the spread of COVID-19, and its impact on the Indonesian economy from time to time.

"As well as further policy coordination steps that need to be taken to maintain macroeconomic and financial system stability, as well as to support Indonesia's economic growth to remain sound and resilient," said Erwin.