Jakarta Inflation in July Reaches 1.97 Percent
Reported by Budhi Firmansyah Surapati | Translated by Rizky Mawardi
The Jakarta Central Statistics Agency (BPS) recorded year-on-year (y-on-y) inflation growth in Jakarta in July 2024 at 1.97 percent. It is lower than the national inflation y-on-y for the same period of 2.13 percent.
our economy is on the right track
Jakarta Central Statistics Agency (BPS) Head, Nurul Hasanudin, said inflation rate in Jakarta is reasonable and fairly controlled. This inflation rate is quite good since there is deflation from the previous month (m-to-m).
Supporting Residents' Economic Empowerment, Dharma Jaya Reseller Program is Appreciated"Our inflation in July with deflation of 0.06 percent. It is a positive signal that our economy is on the right track. Compared to the previous month, our inflation was 0.12 percent," he said, Thursday (8/1).
Nurul reminded the importance of all related parties to continue monitor and ensure economic growth despite the growth is good. This economic growth calculation is based on the consumer price index (CPI) of 11 expenditure groups.
Food, beverage and tobacco group with a CPI of 108.09 contributed the highest inflation rate by 0.068 percent.
If it is calculated based on y-on-y, this group recorded inflation of 3.59 percent in July 2024. Of the three subgroups in it, the cigarette and tobacco subgroup contributed the largest inflation by 4.52 percent.
Regarding the main commodities contributing to inflation from the previous month (m-to-m) in July 2024, Nurul explained that his party noted that there were five commodities with the largest contributors.
Those commodities are cayenne pepper, high school, fried chicken, ice and junior high school.
Meanwhile, the five main commodities contributing to m-to-m deflation in July 2024 were broiler chicken, red chili, tomatoes, shallots and garlic. Nurul hopes that the market trend can continue to be maintained well so that prices remain under control and affordable.
"There are still challenges in ensuring the availability of our stocks. We still need to really monitor inflation in 2024," he stated.
