INFLATION IN SEPTEMBER AT 0.27 PERCENT

The development of commodity prices, in general, in September 2014 showed an increase. Based on the monitoring result of Central Bureau of Statistics (BPS) in 82 cities in September 2014, there was an inflation of 0.27 percent, or an increase in the Consumer Price Index (CPI) from 113.58 in August 2014 to 113.89 in September 2014. Inflation rate by calendar year (January-September) 2014 was 3.71 percent and inflation rate year-on-year (September 2014 to September 2013) at 4.53 percent.

Inflation occurred due to price increase as shown by the increase in indexes of some expenditure groups, namely: processed foods, beverages, cigarettes and tobacco 0.51 percent; housing, water, electricity, gas and fuel 0.77 percent; health group 0.29 percent; and education, recreation and sports 0.68 percent. Meanwhile, the groups which experienced a decreased of index are: foodstuffs 0.17 percent; clothing group 0.17 percent; and transportation, communications, and financial services 0.24 percent.

Some commodities whose prices increased in September 2014, include: red chili, household fuel, electricity tariff, rice, academy/university tuition, purebred chicken meat, noodles, rice with side dishes, clove cigarettes, filter cigarettes, house contract rates, house rent rates, domestic servants wages, junior high school tuition, and high school tuition. Meanwhile, commodities whose prices decline include: red onions, fresh fish, air transports rates, gold jewelry, beef, spinach, stink beans, oranges, inter-city transport fares, and gasoline.

In September 2014, expenditure groups that contributed to inflation include: processed foods, beverages, cigarettes, and tobacco 0.09 percent; housing, water, electricity, gas, and fuel 0.19 percent; health group 0.01 percent; and education, recreation, and sports 0.05 percent. Meanwhile, expenditure groups that contribute to deflation include: foodstuffs 0.02 percent; clothing group 0.02 percent; clothing group 0.01 percent; and transportation, communication, and financial services 0.04 percent.

 
Foodstuffs in September 2014, experienced a 0.17 percent deflation, or a decline of index from 120.12 in August 2014 to 119.92 in September 2014.

Of 11 subgroups in foodstuffs group, 7 subgroups experienced inflation and 4 subgroups experienced deflation. Subgroups that experienced that highest inflation are subgroups of spices 0.95 percent, and the lowest is experienced by subgroup of meat and products thereof t 0.03 percent. Meanwhile, subgroup that experienced the highest deflation was vegetable subgroup at 1.70 percent, and the lowest was experienced by subgroup of fats and oils at 0.39 percent.

This group, in September 2014, contributed 0.02 percent to deflation. Dominant contributors to deflation include: red onions 0.06 percent; fresh fish 0.03 percent; beef, spinach, stink beans at 0.01 percent respectively. Meanwhile, commodities that are the major contributors to inflation include: red chili 0.09 percent; rice 0.02 percent; and purebred chicken meat 0.01 percent.

In September 2014, there was an inflation of 0.27 percent with Consumer Price Index (CPI) at 113.89. Of 82 cities of CPI, 64 cities experienced inflation and 18 cities experienced deflation. The highest inflation occurred in Pangkal Pinang at 1.29 percent with a CPI of 114.82, and lowest occurred in Gorontalo at 0.03 percent with a CPI of 109.62. while, deflation occurred in Tual at 0.89 percent with a CPI at 117.57, and the lowest occurred in Kudus and Manado at 0.03 percent, respectively with a CPI of 119.09 and 110.90, respectively. (E)

Business New - October 3, 2014