Indonesia Post Deflation 0.08% In February 2019
Source: Statistic Indonesia

JAKARTA (TheInsiderStories) –  The Indonesia’ development of commodity prices in January 2019 shows a modest increase and become major contributor for the inflation. Statistic Indonesia reporterd last month the country posted inflation of 0.32 percent from previous month 0.62 percent.

On the annual basis, inflation rate recorded 2.82 percent, lower than same month in 2018 at 3.25 percent. Meanwhile, in January the core component is 0.30 percent and 3.06 percent in yearly basis.

Reported, from the 82 cities, 73 cities experienced inflation and nine cities experienced deflation. The highest inflation occurred in Tanjung Pandan at 1.23 percentof 145.12 and the lowest occurred in Pematangsiantar by 0.01 percent with CPI of 139.10.

While the highest deflation occurred in Tual by 0.87 percent with CPI of 154.44 and the lowest occurred in Merauke by 0.01 percent with CPI of 141.00.

“Based on monitoring in 82 cities there was inflation in 73 cities while 9 cities experienced deflation,” told Head of Statistic Indonesia Suhariyanto on Friday (01/02).

Inflation occurs as indicated by the increase in most expenditure group indexes, namely: the foodstuffs group by 0.92 percent; processed foods, beverages, cigarettes and tobacco by 0.27 percent; housing, water, electricity, gas and fuel group by 0.28 percent; clothing group by 0.47 percent; health group by 0.27 percent; and the education, recreation and sports group by 0.24 percent.

While the expenditure group experienced a decline in index, namely: the transportation, communication and financial services group by 0.16 percent.

According to the expenditure group the highest inflation in food was 0.92 percent while transportation was deflation of 0.16 percent. The highest inflation contribution of fresh fish was 0.06 percent, rice 0.04 percent, tomatoes 0.03 percent, shallots 0.02 percent and others 0.01 percent.

In January 2019 out of seven expenditure groups contributes to inflation, namely the foodstuffs group by 0.18 percent; processed foods, beverages, cigarettes and tobacco group of 0.05 percent; housing, water, electricity, gas and fuel by 0.07 percent; clothing group by 0,03 percent; health group by 0.01 percent; and the education, recreation and sports group by 0.02 percent.

While the expenditure group contributed to the deflation, namely: the transportation, communication and financial services group by 0.04 percent.

Written by Daniel Deha, Email: theinsiderstories.@gmail.com