Jakarta Inflation in August 2024 Records 1.98 Percent

The Jakarta Central Statistics Agency (BPS) noted that the inflation rate in Jakarta in mid-August 2024 was 1.98 percent or 2.12 percent lower than national inflation year on year (y-on-y).

Food security has been quite successful in maintaining inflation stability

Jakarta BPS Head, Nurul Hasanuddin said the y-on-y inflation rate occurred due to an increase in the price of the food, beverage and tobacco group by 3.51 percent; the clothing and footwear group by 0.39 percent; the housing, water, electricity, and household fuel group by 0.52 percent

Then the household equipment, tools, and routine maintenance group is 2.00 percent; health group 1.11 percent; transportation group 1.51 percent; information, communication and financial services group 0.24 percent; recreation, sports and culture group 0.66 percent; education group 2.44 percent; food and beverage/restaurant provision group 2.23 percent; and personal care and other services group 6.36 percent.

Jakarta Inflation in July Reaches 1.97 Percent

"Meanwhile, month-to-month (m-to-m) inflation in August 2024 was 0.04 percent," she expressed, Tuesday (9/3).

Of the several commodities that contributed to m-to-m inflation in August 2024, her party noted 5 main commodities with the highest values, namely gasoline at 0.05 percent, elementary school fees at 0.05 percent, gold jewelry at 0.02 percent, cayenne pepper at 0.02 percent and coffee grounds at 0.01 percent.

Meanwhile, five commodities that recorded deflation figures that contributed to keeping m-to-m inflation under control in August 2024 included air transportation commodities -0.04 percent, shallots -0.03 percent, red chilies -0.02 percent, tomatoes -0.02 percent, and chicken eggs -0.01 percent.

According to Jakarta's August inflation rate m-to-m was 0.04 percent higher than last year's 0.01 percent. However, Jakarta's August 2024 inflation data y-to-y of 1.98 percent was recorded as better than 2023's 2.93 percent.

Of the several commodities, her party noted the three largest commodities contributing to Jakarta's y-to-y inflation in August 2024, namely, gold jewelry at 0.32 percent, rice at 0.23 percent and gasoline at 0.11 percent. Meanwhile, the three commodities that contributed to deflation in Jakarta's y-to-y inflation figure in August 2024 were chicken eggs -0.04 percent, water/dishwashing soap -0.02 percent and red chilies -0.02 percent.

"Food security has been quite successful in maintaining inflation stability . This is proven by several commodities such as red chilies and chicken eggs recording deflation," she stated.