Jakarta (MidLand) – The Central Agency for Statistics (BPS) said that the pressure of rice commodities on inflation will start to weaken from November 2023, or to 0.43% (month by month/mtm).
Previously, rice was the main commodity contributing to inflation in September and October, with inflation recorded at 5.61% and 1.72% mtm respectively.
“In November 2023, rice will experience inflation with pressure that will continue to weaken, i.e. at 0.43%. “This condition is in line with the conditions experienced for rice inflation at the end of 2022, where in November last year the pressure on rice inflation weakened compared to the previous month,” BPS head of financial statements and statistical analysis Moh Edy Mahmud said in Jakarta, Friday.
According to Edy, this weakening is due to the increase in cities experiencing rice deflation compared to the previous three months.
In August, the number was 68 inflationary cities, 14 deflationary cities and 8 stable cities. Then in September, the number changed to 85 inflationary cities, 4 deflationary cities and 1 stable city.
The increase in the number of cities experiencing rice inflation increased in October, reaching 87 inflationary cities, 2 deflationary cities and 1 stable city.
Meanwhile, in November, 59 cities experienced rice inflation, 21 cities experienced deflation, and 10 cities remained stable.
According to Edy, there has been a decline in rice at the producer level, but it has not yet been passed on to the trader level. “So this month there is still rice inflation, but it is decreasing,” Edy explained.
Edy estimates that rice prices may be more controlled from January to March 2024, considering the potential for increased production to meet rice needs.
“We hope that next year there will be no more rice increases as happened this year. “Of course, the government’s policy regarding rice supply will reduce the rice increase next year,” he said.
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Reporter: Imamatul Silfia
Publisher: Biqwanto Situmorang
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