TEMPO.CO, Jakarta - Acting Head of Statistics Indonesia (BPS), Amalia Adininggar Widyasanti, Indonesia logged 0.08 percent of inflation in October based on the agency’s monitoring of 150 regencies and cities. In other words, Indonesia’s Consumer Price Index (CPI) grew from 104.23 in October 2023 to 106.01 in October 2024.

"The month-to-month inflation rate was 0.08 percent,” Amelia said on Friday, November 1, 2024.

This also marks the end of a five-month deflation streak since May 2024. BPS reports that personal care and other services contributed the largest to the current inflation rate, with 0.94 percent inflation. Meanwhile, in this expenditure group, gold jewelry commodity contributed 0.06 percent to the current inflation rate. 

“The inflation in October 2024 ends the deflation trend that has been occurring since May 2024," said Amalia. 

The 0.08 percent m-t-m inflation was driven by core inflation. Other commodities that also contributed to the October inflation include jewelry gold, broiler chicken meat, tomatoes, rice with side dishes, broiler eggs, ground coffee, cooking oil, and machine-rolled clove cigarettes (SKM).

"The core component experienced inflation of 0.22 percent, contributing 0.14 percent to inflation," she stated.

However, government-regulated components and volatile or fluctuating components were known to experience deflation, with 0.25 percent and 0.11 percent, respectively.

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