JAKARTA – The Central Statistics Agency (BPS) reported that inflation of volatile food price components in June 2024 reached 5.96 percent year-on-year (YoY) with an inflation share of 0.96 percent.
BPS Acting Chairman, BPS Secretary General Imam Machdi said that the inflationary pressure of volcanic price components had reduced but was still high. Because the inflation of volcanic components in May 2024 was higher, reaching 8.14%.
“The volatile price components saw an inflation of 5.96% with a share of 0.96%,” he said at a press conference on Monday, July 1.
The imam said that the dominant products that contribute to inflation are rice, kale and red garlic.
Meanwhile, another component that provides a share is core inflation of 1.90% (y-o-y) with an inflation share of 1.22%. Or the index increased from 102.25 in June 2023 to 104.19 in June 2024.
Meanwhile, products that provide a share of central inflation in June 2024 include gold jewelry, sugar sand and rice with spinach.
Meanwhile, inflation of the components of government-regulated prices or administered prices was recorded at 1.68% and accounted for an inflation share of 0.33%.
Imam said that the volumes that provide a share of inflation on these components are Kretek Mesin (SKM) cigarettes, air transport fares and rolling cigarettes.
As for the annual or year-to-date (ytd) inflation in June 2024 of 2.51% or exceeding the annual inflation in May 2024 of 2.84%. Meanwhile, the calendar year or year-to-date (ytd) inflation was 1.07%.
Tag: inflation bps financial
