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View all search resultsFood, gold push inflation to highest level since 2022
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Gold and silver bars are seen on Jan. 10, 2025 in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany. (Reuters/Angelika Warmuth)
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nflation in 2025 reached the highest level in three years, spurred by increasing prices for various food commodities but also for gold, as the precious metal reached record highs in a world marked by uncertainty.
Statistics Indonesia (BPS) official Pudji Ismartini revealed in a press conference on Monday that annual consumer price index (CPI) reached 2.92 percent in December, marking a sharp rise from the 2.72 percent year-on-year increase registered a month prior.
She said the reading was “the highest” full-year figure since 2022.
In 2022, inflation spiked to an unusually high 5.51 percent, partly due to an increase in government-set prices of subsidized fuels, which increased transportation and logistics costs.
The latest number is also higher than inflation was in 2021 (1.87 percent), 2023 (2.61 percent) and 2024 (1.57 percent).
One of the driving forces behind last year’s higher inflation were commodities belonging to the volatile foods component, which recorded inflation of 6.21 percent yoy. The main commodities pushing inflation in the group were chili pepper, fresh fish, bird’s eye chili and rice, which together made up 0.63 percentage point of the year’s inflation figure.
Prices in the food, beverages and tobacco commodity group ended the year 4.58 percent higher and were the leading cause behind the higher headline inflation reading.
