Indonesia experienced a deflation for three consecutive months, after posted another deflation at 0.05 percent in September, statistic bureau reported on Thursday - Photo: Special

JAKARTA (TheInsiderStories) – Indonesia experienced a deflation for three consecutive months, after posted another deflation at 0.05 percent in September, statistic bureau reported on Thursday. In July, the country posted a deflation 0.10 percent and in August at 0.05 percent.

According to head of the bureau, Suhariyanto, the deflation occurred caused of the declining of several expenditure prices like food, beverages and tobacco, which experienced a deflation of 0.37 percent. The Commodities that experienced a decline in September included purebred chicken, eggs, onions, tomatoes, watermelon, cayenne pepper, and air transportation rates with contribution was 0.93 percent.

Other deflation was also caused by a decline in the clothing and footwear group by 0.01 percent, the transportation group by 0.33 percent, and the information, communication and financial services group by 0.01 percent. He also noted, the deflation for the past three months, showed a weak purchasing power while from the supply side is very adequate.

Suhariyanto, said, the last time, Indonesia experienced the deflation in 1999. At that time, deflation occurred from March to September 1999. He stated, “It was deflation in a row for seven months.”

He elaborated more, the Consumer Price Index (CPI) in September stood at 104.85. 56 cities experienced deflation and 34 cities experienced inflation. The highest deflation occurred in Timika at 0.83 percent with a CPI of 106.50 and the lowest occurred in Bukittinggi, Jember, and Singkawang with 0.01 percent each with a CPI of 103.25 each; 104.64; and 102.48.

While, the highest inflation occurred in Gunungsitoli in Nias at 1.00 percent with the CPI at 104.96 and the lowest occurred in Pekanbaru, South Sumatera and Pontianak in West Kalimantan at 0.01 percent with CPI of 103.44 and 105.50 respectively.

He added, the inflation rate for the calendar year (January – September) 2020 is 0.89 percent and the year-on-year inflation rate was 1.42 percent. The core component in September 2020 experienced inflation of 0.13 percent.

The inflation rate for the core components of the calendar year (January-September) 2020 was 1.46 percent and the inflation rate for the core components year on year (September 2020 against September 2019) was 1.86 percent.

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