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 resultsGold price spike lifts inflation to 2.65 percent in September
Rice, traditionally a major driver of inflation, provided relief in September, with prices falling for the second time this year after a decline in April.
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!
An employee shows two bars of gold produced by State-owned diversified mining company PT Aneka Tambang (Antam). (Kompas.com/Garry Andrew Lotulung)
Indonesia’s inflation surged in September, driven by gold jewelry prices, which posted their steepest increase in five months.
The country’s consumer price index (CPI) rose 2.65 percent year-on-year (yoy) last month, up from 2.31 percent in August, while monthly inflation stood at 0.21 percent, Statistics Indonesia (BPS) data shows.
“Gold jewelry inflation remained the single biggest contributor to inflation, extending its streak as an upward driver for the 25th consecutive month since September 2023,” BPS production undersecretary M. Habibullah said at a press conference on Wednesday.
Staple food prices also added to the headline rise, led by red chili peppers, broiler chicken and green chilis.
By contrast, shallots, tomatoes, garlic, bird’s eye chilis, cucumbers and secondary school fees all recorded declines, tempering the overall increase.
Rice, traditionally a major driver of inflation, provided relief in September. Prices fell for the second time this year after a decline in April, breaking from seasonal trends in which September had consistently recorded rice inflation between 2021 and 2024.
“The deflation in rice helped offset stronger price gains from other food items,” Habibullah said.
Your Opinion Matters
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Enter at least 30 characters
0
/ 30
Thank you
Thank you for sharing your thoughts. We appreciate your feedback.
