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Jakarta Post

Jakarta records 0.37% inflation in February

  • News Desk

    The Jakarta Post

Jakarta   /   Fri, March 2, 2018   /   01:19 pm
Jakarta records 0.37% inflation in February A warehouse worker rests atop sacks of rice on Jan. 19 at the Cipinang Central Rice Market in East Jakarta. Increases in the price of rice and other food ingredients has caused 0.37 percent inflation in February in the capital. (Antara/Sigid Kurniawan)

Bank Indonesia has said that Jakarta's February inflation of 0.37 percent was caused primarily by a hike in the price of food ingredients.

“The price increase for raw materials like rice, red chilies and red shallots contributed to the inflation in the capital,” BI Jakarta representative office head Fadjar Majardi said in a statement issued on Thursday.

The February inflation in Jakarta was lower than inflation the previous month, but it was higher than the 0.17 percent national inflation for February.

From January to February, the rice price increased by 2.07 percent as a result of the commodity's limited supply in the capital, while the prices of red chilies, red shallots and garlic increased respectively by 8.98 percent, 4.76 percent and 7.22 percent.

The month-on-month price increases for chicken, beef and eggs grew negatively by -1.08 percent, -1.87 percent and -4.21 percent, respectively.

Meanwhile, the administered prices for fuel and cigarettes, which increased respectively by 0.74 percent and 0.27 percent, had also pushed the inflation rate in the capital, Fadjar said. He was referring to the government's policy to increase the price of the non-subsidized fuels Pertalite, Pertamax and Pertadex, as well as the cigarette excise duty.

Fadjar said Bank Indonesia, the Jakarta city administration and relevant city-owned enterprises would coordinate closely to ensure that the inflation in the capital would be controlled. (bbn)