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Jakarta Post

BPS records deflation in September amid declining foodstuff prices

  • Marchio Irfan Gorbiano

    The Jakarta Post

PREMIUM
Jakarta   /   Tue, October 1, 2019   /  11:03 pm
The Jakarta Post Image
A trader puts bird's eye chilis into plastic packaging in Surabaya, East Java. (Antara/Zabur Karuru)

A drop in the prices of foodstuff commodities has contributed to the modest headline deflation recorded in September amid stable core inflation, signaling that people’s purchasing power remains firm, Statistics Indonesia (BPS) announced Monday. The consumer price index decreased by 0.27 percent last month, reversing the 0.12 percent inflation booked in August. The latest figure was also greater than the 0.18 percent deflation recorded over the same period last year. Year-to-date (ytd) inflation has been recorded at 2.2 percent, while year-on-year (yoy) inflation in September was booked at 3.39 percent. The latest inflation rate remains well within the central bank’s inflation target band of between 2.5 and 4.5 percent this year. BPS head Suhariyanto said the decline in the prices of foodstuff commodities was one of the drivers of deflation in September. “The...