NOVEMBER 2012 INFLATION AT 0.07 PERCENT

Commodity price development in November 2012, in general, shows an increase. Based on result of survey of the National Bureau of Statistics (BPS) in 66 cities, in November 2012 inflation occurs at 0.07 percent or there is increase of Consumer Price Index (IHK) from 134.67 in October 2012 to 134.76 in November 2012. Inflation rate by calendar year (January - November) 2012 reaches 3.73 percent and inflation rate year-on-year (November 2012 against November 2011) reaches 4.32 percent.

Inflation occurs as a result of price increase as shown by increase of indices of some expenditure groups, namely ready-to-eat-foods, beverages, cigarettes, and tobacco group by 0.20 percent; housing, water, electricity, gas, and fuel group by 0.15 percent; health group by 0.21 percent; education, recreations, and sports group by 0.06 percent; and transportation, communication, and financial services group by 0.23 percent. While, expenditure groups experiencing deflation or down of indices are foodstuff group by 0.13 percent and clothing group by 0.10 percent.

Commodities experiencing price increase in November 2012 are, amongst other: shallots, rice, air transport tariff, beef, garlic, carrots, purebred chicken eggs, rice and side dishes, filter clove cigarettes, and wage of non-supervisor construction worker. While, commodities experiencing price decrease are: purebred chicken meat, red chili pepper, fresh fish, cayenne pepper, cooking oil, gold jewelry, French beans, string beans, water spinach, cucumber, tomatoes, and gasoline.

Commodity groups, which in November 2012, contribute to inflation are: ready-to-eat foods, beverages, cigarettes, and tobacco group at 0.04 percent: housing, water, electricity, gas, and fuel group 0.04 percent; health group 0.01 percent; education, recreations, and sport group 0.01 percent; and transportation, communications, and financial services group 0.03 percent. While, commodity groups contributing to deflation are: foodstuff group at 0.05 percent and clothing group 0.01 percent.

Foodstuff group in November 2012 experiences deflation at 0.13 percent or decrease of index from 159.12 in October 2012 to 158.91 in November 2012.

From 11 sub-groups under the foodstuff group, 7 sub-groups experience deflation and 4 sub-groups experience inflation. Sub-groups experience the highest deflation are: sub-groups of meat and products thereof at 2.32 percent, and the lowest is experienced by other foodstuff sub-groups at 0.07 percent. Sub-groups experiencing the highest inflation are condiment sub-group at 2.98 percent, and the lowest is experiences by fruit sub-group at 0.08 percent.

This group, in November 2012, contributes 0.05 percent to deflation. Commodities which dominantly contribute to deflation are, amongst others: purebred chicken meat 0.10 percent; red chili pepper 0.05 percent; fresh fish 0.03 percent; cayenne pepper and cooking oil 0.01 percent respectively. Commodities which dominantly contribute to inflation are: shallots 0.08 percent; rice 0.04 percent; beef and garlic 0.03 percent respectively; carrots 0.02 percent; and purebred chicken eggs 0.01 percent.

In November 2012, inflation occurs at a rate of 0.07 percent with Consumer Price Index (IHK) at 134.76. From 66 cities of IHK, in this month, 33 cities experience inflation and 33 cities experience deflation. The highest inflation occurs in Manado at 1.01 percent with IHK at 133.60, and the lowest occurs in Jember at 0.03 percent with IHK at 134.81. And, the highest deflation occurs in Manokwari at 0.96 percent with IHK at 147.31, and lowest occurs in Semarang, Tangerang, Mataram, and Singkawang at 0.01 percent respectively with IHK at 133.74; 135.87; 146.32; and 139.55 respectively. 

Business News - December 5, 2012