Badan Pusat Statistik (BPS) menyatakan realisasi inflasi 2024 sebesar 1,57% sebagai yang terendah sepanjang sejarah Indonesia. BPS menyebutkan melandainya harga pangan pokok sebagai faktor utama dari rendahnya angka inflasi di sepanjang 2024.
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00:00Amir, thank you for staying with us.
00:02The Statistics Center stated that inflation in 2024 was 1.57%
00:09as the lowest in Indonesia's history.
00:12The Statistics Center said that the price of food was the main factor
00:17in reducing inflation throughout 2024.
00:21The Statistics Center noted that inflation throughout 2024 reached 1.57%.
00:31This figure is called BPS, which is the lowest since the first inflation indicator
00:35calculated by BPS in 1958.
00:38There was an inflation rate until December 2024 reached 1.57%.
00:44Or there was an increase in the consumer price index from 105.15 on December 2023
00:49to 106.80 on December 2024.
00:53Meanwhile, before that, BPS recorded a low inflation rate in 2020
00:57of 1.68%.
01:00So, the year-to-date inflation in 2024 was 1.57%
01:07which is the lowest inflation rate in history
01:11or since the calculation by BPS.
01:15Lastly, BPS recorded a low inflation rate in 2020 of 1.68%.
01:25The low inflation rate in 2024 was caused by a number of factors.
01:31However, the price of staple food increased in 2022 and 2023
01:38can be said to be the main factor.
01:42Deputy of Statistics, Distribution, and Service BPS Puji Ismartini said
01:47the low inflation rate in 2024 was caused by a number of factors
01:51such as the price of staple food increased in 2022 and 2023
01:57can be said to be the main factor.
02:00However, according to the 2024 Inflation Reduction Group,
02:04mainly pushed by food, drink, and tobacco groups
02:07with an inflation rate of 1.90%
02:10and a 6.55% share of the total inflation rate
02:14covered by IDX Jenung.
02:21The Director-General of the Center for Statistics stated that
02:23the price of staple food is the main factor
02:25that caused the inflation rate in 2024 to be the lowest since 1958.
02:31Based on BPS data,
02:33the inflation rate in 2024 by year-to-date reached 1.57%.
02:40BPS also explained that it supported a number of main communities
02:43that were monitored to reduce inflation throughout 2024.
02:47The first community is red chilies, which experienced a deflation rate of 46.53%
02:53with a deflation rate of 0.27%.
02:56The second community is bird chilies, which experienced a deflation rate of 39.74%
03:03with a deflation rate of 0.18%.
03:07The third community is gasoline, which experienced a deflation rate of 1.86%
03:11with a deflation rate of 0.09%.
03:14The fourth community is air transportation, which experienced a deflation rate of 7.62%
03:20with a deflation rate of 0.06%.
03:24In the latest PERS conference,
03:26BPS confirmed that the inflation rate in 2024 was the lowest
03:31since the first inflation indicator was calculated in 1958.
03:36Previously, the low inflation rate was also recorded in 2020,
03:40where inflation throughout the year was recorded at 1.68%.
03:45A little higher than the inflation rate in 2024 at 1.57%.
03:52However, if the government's inflation target is 2.5 plus or minus 1%,
03:58then inflation throughout 2024 is still within the government's inflation threshold
04:04and tends to be around the limit below the inflation target that has been set.
04:09Meanwhile, regarding the implementation of inflation in 2024,
04:13a number of commodities are included in the list of the main contributor commodities to inflation.
04:18What are the reasons for these commodities?
04:21Let's take a look at the complete information.
04:27Jewelry to cigarettes are recorded as the main contributor to inflation
04:31throughout January to December 2024.
04:35The Center for Statistics explains that from January to December 2024,
04:40commodities from volatile components or volatile food
04:44and essential components have a higher frequency as a contributor to monthly inflation.
04:50From January to December 2024,
04:53commodities from volatile price components and essential components
04:58have a higher frequency as the main contributor to monthly inflation.
05:06Jewelry to cigarettes and cigarettes
05:11become the main contributor to inflation 11 times in 2024.
05:21Based on the GDP of jewelry and cigarettes,
05:25they become the main contributor to inflation, which is 11 times in 2024.
05:30In addition to jewelry and cigarettes,
05:32there are also commodities recorded as the main contributor to inflation in 2024,
05:37namely fried oil, rice, coffee powder, red onions, chicken rice,
05:42fresh fish, garlic, and rice with seafood.
05:47The Center for Statistics states that jewelry has given an inflation rate of 0.35% year-on-year,
05:53while cigarettes from the SKM group have given an inflation rate of 0.13% in 2024.
06:01The Center for Statistics explains that the inflation of gold prices
06:03is the main contributor to gold prices in the international market.
06:07As for cigarettes,
06:08there is an inflation rate of cigarettes in early January 2024.
06:21Based on data from the Center for Statistics,
06:22commodities from jewelry and cigarettes consistently boost the price increase
06:2711 times every month throughout 2024.
06:32The Center for Statistics states that cigarette inflation is the main contributor to inflation.
06:41The Center for Statistics states that cigarette inflation is the main contributor to inflation.
06:49The increase in cigarette prices does not directly affect the price of cigarettes.
06:55As for jewelry commodities,
06:57the inflation of gold prices is the main contributor to gold prices in the international market.
07:04It affects the price of consumers in Indonesia.
07:08In addition to gold, jewelry, and cigarettes,
07:11fried oil and rice commodities also recorded the highest inflation rate,
07:17each of which is 0.11% and 0.1%.
07:21Nevertheless, the frequency of fried oil and rice commodities as a contributor to inflation
07:26only appeared 6 times in 2024.
07:31Meanwhile, commodities such as coffee powder, red onions, chicken and fish
07:37are more likely to contribute to inflation, which is 7 times throughout 2024.
07:42There is also a delay in inflation in December 2024,
07:46each of which is 0.1%, 0.08%, 0.06%.
07:52Next, let's take a look at the main contributor to inflation commodities.
07:56Let's move on to commodities that recorded deflation at the end of 2024,
08:01namely the air traffic tariff.
08:03So how big is the deflation and what is the cause?
08:07Let's take a look at the information.
08:09The Statistical Center reported a deflation in the air traffic ticket rate
08:17or aircraft by 1.59% per month in December 2024.
08:23The BPS said that the deflation of the aircraft rate occurred
08:25due to the impact of government policies to reduce the price of aircraft rates
08:28at the time of Christmas 2024 and the new year 2025.
08:34This is contrary to what has happened in recent years,
08:38where in December there is usually inflation for air traffic rates.
08:45Based on the BPS report,
08:48the impact of the policy can be seen from the deflation of inflation
08:54in the air traffic rate commodities, which is 1.59%.
09:00And this deflation rate is 0.01% in December.
09:09This is a note that we got,
09:13so it can be seen in series that usually in December,
09:17the air traffic rate commodities experienced inflation
09:20and in December 2024, the air traffic rate was deflated by 1.59%.
09:33And in the last five years,
09:36it was previously known that the government officially decided
09:39to lower the price of domestic air ticket tickets
09:42during the Christmas period of 2024-2025.
09:45The adjustment of the rate was carried out for 16 days,
09:48namely on December 19, 2024 until January 3, 2025.
09:52However, the Ministry of Transportation revealed
09:55that the policy on lowering the air traffic rate
09:58is a direct direction of the President to reduce the price of tickets,
10:01as well as the movement of the public during the Christmas and New Year period.
10:14Let's go back to the inflation rate in 2024,
10:16which was recorded as quite low at 1.57%.
10:20Regarding this matter,
10:21the Director-Executive of the Indonesian Corps,
10:23Mohammad Faisal said,
10:25low inflation is not always a positive thing.
10:30The Director-Executive of the Indonesian Corps, Mohammad Faisal,
10:32said that the inflation rate in 2024 was even lower
10:35than during the COVID-19 pandemic,
10:38where the annual inflation rate in 2020 and 2021
10:42was 1.68% and 1.87%.
10:47According to him, the Director-Executive of the Indonesian Corps,
10:48the weakening of the domestic demand
10:50was the cause of low inflation in 2024.
10:55The weakening of the domestic demand
10:57affected the industry sector
11:00and household consumption,
11:02especially the middle class.
11:05In fact, due to the weakening of the domestic demand,
11:07inflation in 2024 could not be suppressed
11:11by the inflation in December 2024,
11:14which reached 0.44% monthly
11:17supported by the momentum of Christmas and New Year.
11:21However, the inflation of this period is higher
11:23than the inflation of the previous month,
11:25which was 0.3%,
11:27and the inflation in December 2023,
11:30which was recorded at 0.41%.
11:33Meanwhile, the Director-Executive of the Indonesian Corps,
11:35Samuel Securitas Indonesia,
11:37Fitra Faisal, said
11:39that low inflation shows price stability,
11:42but an inflation rate below average
11:45indicates concern about the weakening of the domestic demand,
11:48so it is a danger to policy makers
11:52and market players.
11:54Inflation below the target,
11:55which is usually seen as a positive signal for stability,
11:59is now a concern
12:01when it reflects continuous disruptions in the economy.
12:04Therefore, the Director-Executive insisted
12:06that the government needs to stimulate
12:08the growth of domestic consumption,
12:10especially through fiscal steps
12:13or accommodative policies.
12:16This is so that domestic demand can return
12:18to be the fuel for economic growth
12:21in the coming months.
12:23The Director-Executive insisted
12:24that our President, Prabowo Subianto,
12:27who has a target of 8% economic growth,
12:30needs a significant increase.
12:32From year to year,
12:33we hope that inflation will not continue to fall
12:37because it can be a significant threat
12:39to the weakening of the people's purchasing power
12:41and of course to economic growth.
12:43We expect that various policies,
12:45both fiscal and monetary,
12:47can rebalance or stabilize the inflation rate.
12:52That's all for this segment.
12:55Stay tuned for IDX First Session Closing.