Increase in Rice Prices Triggers Annual Inflation in October 2023

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Increase in Rice Prices Triggers Annual Inflation in October 2023

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Release Date	:	November 1, 2023
File Size	:	9.369411 MB

Abstract

In October 2023, combined inflation year on year (yoy) of five cities in Sumatera Utara (Sibolga, Pematangsiantar, Medan, Padangsidimpuan, and Gunungsitoli) of 2.60 percent with a Consumer Price Index (CPI) of 114.14. From five CPI cities in Sumatera Utara, the highest yoy inflation occurred in Sibolga at 4.33 percent with a CPI of 118.45 and the lowest occurred in Medan at 2.50 percent with a CPI of 113.59.
YoY inflation occurred due to an increase in prices as indicated by rising prices all price indexes for expenditure groups, namely the food, beverage, and tobacco group by 5.12 percent; clothing and footwear group of 0.81 percent; housing, water, electricity and household fuel group amounting to 1.00 percent; supplies, equipment, and routine home maintenance group by 1.31 percent; health group at 3.53 percent; transportation group by 0.51 percent; information, communication and services group finance by 0.22 percent; recreation, sports and cultural group of 2.46 percent; education group of 2.83 percent; provision of food and beverage/restaurants group by 1.90 percent; and personal treatment and other services group amounted to 2.78 percent.
The main commodities contributing to yoy inflation in October 2023 include rice, filter clove cigarettes, tomatoes, chicken meat, academy/university, gold jewelry, and garlic.
The month to month (mtm) deflation rate for October 2023 is 0.07 percent and the year to date (ytd) inflation rate for October 2023 is 1.22 percent.

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Product - Official Statistics News

Increase in Rice Prices Triggers Annual Inflation in October 2023

Download Official Statistics News Download Presentation Download Infographic

Release Date	:	November 1, 2023
File Size	:	9.369411 MB

Abstract

In October 2023, combined inflation year on year (yoy) of five cities in Sumatera Utara (Sibolga, Pematangsiantar, Medan, Padangsidimpuan, and Gunungsitoli) of 2.60 percent with a Consumer Price Index (CPI) of 114.14. From five CPI cities in Sumatera Utara, the highest yoy inflation occurred in Sibolga at 4.33 percent with a CPI of 118.45 and the lowest occurred in Medan at 2.50 percent with a CPI of 113.59.
YoY inflation occurred due to an increase in prices as indicated by rising prices all price indexes for expenditure groups, namely the food, beverage, and tobacco group by 5.12 percent; clothing and footwear group of 0.81 percent; housing, water, electricity and household fuel group amounting to 1.00 percent; supplies, equipment, and routine home maintenance group by 1.31 percent; health group at 3.53 percent; transportation group by 0.51 percent; information, communication and services group finance by 0.22 percent; recreation, sports and cultural group of 2.46 percent; education group of 2.83 percent; provision of food and beverage/restaurants group by 1.90 percent; and personal treatment and other services group amounted to 2.78 percent.
The main commodities contributing to yoy inflation in October 2023 include rice, filter clove cigarettes, tomatoes, chicken meat, academy/university, gold jewelry, and garlic.
The month to month (mtm) deflation rate for October 2023 is 0.07 percent and the year to date (ytd) inflation rate for October 2023 is 1.22 percent.