First Week of September Prices of Most Basic Materials Decreased
The prices of most basic commodities (bapok) declined nationally in the first week of September compared to the previous week.
The sharpest drop occurred in the price of red chili peppers, followed by curly chili peppers and large chili peppers.
According to the National Strategic Food Price Information Center (PIHPS) on the Bank Indonesia website on Tuesday, September 3, 2024, the price of red chili peppers fell by 10.43% (Rp6,000) to Rp51,550/kg.
This was followed by a 7.44% (Rp3,500) decrease in the price of medium-sized red chili peppers to Rp43,550/kg, a 6.96% (Rp3,150) drop in the price of large red chili peppers to Rp42,100/kg, and a 5.71% (Rp2,900) decline in the price of green chili peppers to Rp47,900/kg.
Similar decreases were seen in the prices of medium-sized garlic, down 0.12% (Rp50) to Rp42,150/kg, medium-quality II rice, down 0.33% (Rp50) to Rp15,300/kg, and fresh broiler chicken, down 1.96% (Rp700) to Rp34,950/kg.
Furthermore, the price of grade 1 beef declined by 0.43% (Rp600) to Rp138,400/kg, grade 2 beef fell by 0.35% (Rp450) to Rp129,650/kg, and fresh grade A chicken eggs decreased by 1.35% (Rp400) to Rp29,150/kg.
Meanwhile, the price of low-quality II rice remained stable at Rp13,850/kg. Similarly, the prices of medium-quality I rice at Rp15,400/kg, super-quality I rice at Rp16,850/kg, super-quality II rice at Rp16,300/kg, and branded packaged cooking oil at Rp20,800/kg.
The items that saw an increase in price were medium-sized shallots, up 0.35% (Rp100) to Rp28,350/kg, low-quality I rice, up 0.36% (Rp50) to Rp14,100/kg, and premium-quality granulated sugar, up 0.52% (Rp100) to Rp19,300/kg.
Additionally, the price of local granulated sugar increased by 0.28% (Rp50) to Rp17,900/kg, bulk cooking oil rose by 0.59% (Rp100) to Rp17,050/kg, and branded packaged cooking oil 2 went up by 0.51% (Rp100) to Rp19,700/kg.
Previously, the Central Statistics Agency (BPS) reported that August 2024 saw deflation (a decrease in the Consumer Price Index) of 0.03%, marking the fourth consecutive month of deflation since May 2024.
The cause of the deflation was the decline in the prices of basic commodities, which are included in the volatile food component, due to the recent harvest season that has led to abundant supply and lower prices.
