Decline in Food Commodity Prices Causes Deflation

BPS noted that deflation in October 2022 was driven by the fall in prices in the volatile price group and the food, beverage and tobacco expenditure group. Food commodities whose prices have fallen include red chilies.

KOMPAS/JUMARTO YULIANUS

A number of buyers choose purebred chicken eggs which are sold in low-cost market in the Cambodian Field, Central Banjarmasin, Banjarmasin City, South Kalimantan, Thursday (15/9/2022). BPS noted that deflation in October 2022 was driven by the fall in prices in the volatile price group and the food. Food commodities whose prices have fallen include red chilies, broiler eggs, broiled chicken meat and chili pepper.

JAKARTA, KOMPAS — The decline in the prices of a number of food commodities led to deflation in October 2022. Nevertheless, the threat of high inflation remains as the increase in fuel prices has not been fully transmitted to the prices of goods and services in the affected sectors.

Statistics Indonesia (BPS) announced on Tuesday (1/11/2022), based on the development of the consumer price index in October 2022, that there was 0.11 percent deflation compared to the previous month (month-to-month).