The statistics bureau announced Indonesia posted an inflation 0.28 percent in November 2020 compared to the previous month - Photo: Special

JAKARTA (TheInsiderStories) – The statistics bureau announced Indonesia posted an inflation 0.28 percent with the Consumer Price Index (CPI) of 105.21 in November 2020 compared to the previous month at 0.07 percent. Year to date the inflation stood at 1.23 percent and annual inflation to 1.59 percent.

“Of the 90 CPI cities, 83 cities experienced inflation and 7 cities experienced deflation,” Setianto, the deputy at the bureau told reporters on Tuesday (12/01).

He continued, the highest inflation occurred in Tual at 1.15 percent with a CPI of 106.83 and the lowest was in Bima at 0.01 percent with a CPI of 104.48. While, the highest deflation occurred in Kendari at 0.22 percent with the CPI at 104.81 and the lowest occurred in Meulaboh and Palopo at 0.01 percent with CPI of 108.02 and 104.21, respectively.

He said, the inflation occurred due to price increases as indicated by increases in the food, beverage and tobacco group by 0.86 percent. Then, clothing and footwear group by 0.14 percent, equipment, tools and household routine maintenance group by 0.08 percent.

In addition, the health group of 0.32 percent, transportation group of 0.30 percent. The information, communication and financial services group of 0.02 percent. The recreation, sports, and culture group by 0.04 percent, the education group of 0.12 percent. And, the food and beverage or restaurant supply group by 0.11 percent.

Furthermore, the expenditure group that experienced a decrease in index were the housing, water, electricity and household fuel group by 0.04 percent and the personal care and other services group by 0.23 percent.

Setiantao explained, the core component in November 2020 experienced inflation of 0.06 percent. The inflation rate for the core components of the calendar year was 1.55 percent and the inflation rate for the core components year on year (November 2020 against November 2019) was 1.67 percent.

To keep the inflation remaining within the target range of 3.0±1 percent, the government and Bank Indonesia agreed to maintaining volatile food inflation in the range of 4.0±1 percent. To reached the target, the parties agreed to strengthening price affordability, supply availability, smooth distribution, and effective communication, especially ahead of the national religious holidays.

Both also aimed to strengthening agricultural institutions, accompanied by capacity building, financing and development of digital agricultural ecosystems, including synchronizing programs and data. Then, support the management of public expectations and strengthening the coordination of the central and regional governments in controlling inflation through the holding of the National Coordination Meeting for Inflation Control in June 2020.

Update on 11.42 a.m.

Written by Editorial Staff, Email: theinsiderstories@gmail.com