JULY 2014 INFLATION AT 0.93 PERCENT

The development of commodity price, in general, in July 2014 showed an increase. Based on the monitoring results of the Central Bureau of Statistics (BPS) in 82 cities, in July 2014 there was an inflation of 0.93 per cent, or an increase of Consumer Price Index (CPI) from 112.01 in June 2014 to 113.05 in July 2014. Inflation rate by calendar year (January to July) 2014 is 2.94 percent and inflation rate year-on-year (July 2014 to July 2013) is 4.53 percent.

Inflation occurred because of price increase as shown by the increase of indexes of all expenditure groups, namely: foodstuffs 1.94 percent; processed foods, beverages, cigarettes, and tobacco 1.00 percent; housing, water, electricity, gas, and fuel 0.45 percent; clothing group 0.85 percent; health group 0.39 percent; education, recreation, and sports 0.45 percent; and transportation, communication, and financial services 0.88 percent.

Some commodities whose price increases in July 2014 include: fresh fish, electricity rates, inter-city transport fares, air transport rates, rice, beef, eggs, spinach, tomatoes, red onions, filter cigarettes, gold jewelry, gasoline, dry instant noodles, live chickens, free range chicken meat, purebred chicken meat, preserved fish, long beans, kale, potatoes, grapes, apples, papaya, pears, watermelon, tomato fruit, red chili, coconut, roasted chicken, fried chicken, grilled fish, light meals/snacks, noodles, rice with side dishes, dumplings (siomay), soup, clove cigarettes, white cigarettes, house contract rates, wages of non-foreman workers, kindergarten tuition, primary school tuition, cars, and train fares. While, commodities whose price decline are: carrots.

In July 2014 all expenditure groups contributed to inflation, namely: foodstuffs 0.38 percent; processed foods, beverages, cigarettes, and tobacco percent; education, recreation, and sports 0.04 percent; and transportation, communication, and financial services 0.17 percent.

Foodstuffs group in July 2014 experienced inflation at 1.94 percent or increase of index 117.41 in June 2014 119.69 in July 2014.

All the 11 subgroups in July 2014 experienced inflation at 1.94 percent or increase of index from 117.41 in June 2014 to 119.69 in July 2014.

This group, in July 2014, contributed 0.38 percent to inflation. Dominant contributors to inflation include: fresh fish 0.08 percent; rice, beef, purebred chicken eggs, Spanish, tomatoes, and red onion at 0.02 percent, respectively; dried instant noodles, live chicken, free range chicken meat, purebred chicken meat, preserved fish, beans, kale, potatoes, grapes, apples, papaya, pears, watermelon, tomato fruit, red chili, and coconut at 0.01 percent, respectively. Conversely, dominant contributors to deflation, this month, are carrots at 0.01 percent.

 
In July 2014, there was an inflation of 0.93 percent with Consumer Price Index (CPI) at 113.05. From 82 cities of CPI, all cities recorded inflation. The highest inflation occurred in Bengkulu at 2.92 percent with CPI at 116.30, and the lowest occurred in Maumere at 0.13 percent with CPI at 111.07. (E)

Business New - August 8, 2014