TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsInflation eases in August despite rising food prices
Expenditures in the food, beverage and tobacco category contributed most to monthly deflation in August, when the CPI eased to 108.51 from 108.60 in July.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Attendants at a dry goods stall arrange items as they wait for customers on April 3, 2022, at a traditional market in Tangerang, Banten. (AFP/Adek Berry)
I
ndonesia’s consumer price index (CPI) rose 2.31 percent year-on-year (yoy) in August, easing slightly from 2.37 percent in July, even as food and beverage prices continued to climb.
At a virtual press conference on Monday, Statistics Indonesia (BPS) reported that prices in the food, beverage and tobacco category climbed 3.99 percent yoy in August, up from 3.75 percent a month earlier. The surge pushed inflation in the volatile foods segment, which saw a steep rise of 4.47 percent, driven by spikes in tomatoes, chilies and garlic.
The increase, however, was tempered by softer core inflation, which eased to 2.17 percent from 2.32 percent in July as the midyear surge in education costs faded.
Core inflation, a key gauge of purchasing power, remained underpinned by higher university and elementary school fees as well as gold jewelry prices. Yet a smaller uptick in senior high school costs helped ease the overall pressure.
Meanwhile, administered prices inched up only 1 percent, lifted mainly by airfare and fuel.
Read also: High rice prices, education costs push up inflation to 2.37 percent in July
Pudji Ismartini, BPS deputy for distribution and services, said the agency recorded deflation of 0.08 percent on a monthly basis, with the CPI easing from 108.60 in July to 108.51 in August.
