Deflation occurs despite the Eid al-Adha holiday and reference food prices rising

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RI experienced deflation for two consecutive months. However, remain alert to the increase in rice prices and the impact of rupiah depreciation.

Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atThe activity of red onion peelers at the Kramat Jati Main Market, Jakarta, on Monday . The onion peelers at the Kramat Jati Main Market are paid Rp 3,000 per kilogram and Rp 1,000 per kilogram to cut red onions.

“Although there was a holiday for Eid al-Adha and a rise in the benchmark prices of several staple foods, monthly deflation still occurred due to sufficient supply or stock of food commodities amid increased demand for those commodities. So, the deflation was not caused by the weakening of people's purchasing power," said Habibullah.

In June 2024, the group experienced an annual inflation rate of 4.95 percent with a contribution of 1.4 percent to the annual inflation. Dominant commodities contributing to inflation include, among others, rice by 0.44 percent, red chili by 0.16 percent, granulated sugar by 0.07 percent, as well as red and white onions by 0.06 percent respectively.

The price of dried harvested rice grains at the farmer level is set at a permanent rate of Rp 6,000 per kilogram . The retail price of medium-grade rice for consumers is also permanently set at Rp 12,500-Rp 13,500 per kg, depending on the zoning. The permanent price for premium-grade rice is set at Rp 14,900-Rp 15,800 per kg, also depending on the zoning.

 

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