The inflation rate in November was higher than both a month earlier and a year earlier at 1.66 percent and 1.59 percent, respectively. On a month-to-month (mtm) basis, the consumer price index (CPI) was up 0.37 percent in November.

“The 1.75 percent year-on-year inflation is the highest in 2021,” BPS head Margo Yuwono said in a press briefing on Wednesday.

Read also: Inflation rises for fourth month in a row to 1.66% in October

The food, beverage and tobacco spending group is the largest driver of November’s monthly inflation with a 0.21 percentage point contribution. Cooking oil, chicken eggs and red chili largely drove the inflation in this spending group, while tomatoes and shallots posted falls in prices.

The average price of cooking oil, for example, was recorded at Rp 17,300 (US$1.21) per liter on Nov. 30, Trade Ministry data show. This was 57.27 percent higher than the price ceiling set by the government, as the price of CPO, its main ingredient, surged recently as demand from overseas rose amid the global economic recovery.

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The transportation spending group, especially airfares, was the second-largest contributor to November’s inflation with a 0.06 percentage point contribution. Rising transportation fares were in line with the rebound in domestic flight passenger numbers, according to Margo.

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