AGRICULTURAL SECTOR AS THE LARGEST CONTRIBUTOR TO CHANGES IN WHOLESALE PRICE INDEX (WPI)

In November 2014, the agricultural sector is the largest contributor to the change in Wholesale Price Index (WPI), which is 0.88%. Mining and quarrying accounted for 0.02%, industrial sector 0.16%, group of non oil & gas import commodities 0.09%.

Data from the Central Statistical Agency (BPS) obtained on Monday (December 1), stated that based on the results of monitoring of BPS, in November 2014 General WPI of non-oil & gas stood at 131.53, up 1.19% from WPI in October 2014 at 129.98. The increase occurred in all sectors and groups of goods. Agricultural sector rose 7.41%, mining and quarrying 0.43%, industrial sector 0.32%, group of non-oil & gas import commodities rose 0.26%, and group of non oil & gas export commodities 0.50%. Thus, changes in non-oil & gas wholesale price index (WPI) in 2014 reached 7.74% and change of WPI year-on-year reached 9.16%. Some commodities which experienced price increases in November2014 included, among others, cucumber, eggplant, red paper, cayenne paper, anchovies, premium, meat of imported cattle, and aluminum exports.

WPI of building/Construction Materials which consist of 5 groups of building types in November 2014 in general increased by 0.76% compared to the previous month. In November 2014, all groups of building types experienced increase of indexes. General Works Building Group for Agriculture experienced the highest  increase, which is 1.02%, and Residential and Non-Residential Buildings rose by 0.77%, General Works Buildings Group for Roads, Bridges, and the Ports increased by 0.65%, Group of Building and Electricity, Gas, Drinking Water, and Communications Installations by 0.74%, and Other Building Groups 0.85%.

WPI of Building/Construction Materials in Indonesia in November 2014 increased 0.76%, from 122.29 in October 2014 to 123.22 in November 2014. The increase in WPI of Building/Construction Materials in Indonesia was due to the increase in the Group of Residential and Non-Residential Buildings which accounted for 0.37%, Public Works Buildings Group for Agriculture 0.07%, Public Works Building Group Roads, Bridges, and Ports ).14%, Group of Building and Electricity, Gas, Water, and Communications Installations 0.21%, and Other Building Group 0.06%.

 
Building materials group that experienced price increase in November 2014 includes, among others, backfilled soil 3.71%, tubs and tanks 1.75%, sand 1.68%, gravel and sandstone 1.51%, and cement 1.40%. (E)

Business News - December 5, 2014