Gold prices set multiple records ending RI’s infamous trend

Jakarta –

Indonesia experienced inflation of 0.08% throughout October 2024. Plt. The Head of the Central Bureau of Statistics (BPS), Amalia Adinggar Widyasanti, said that the biggest contribution to inflation in October came from the personal care and other services group with inflation of 0.94% and contributing to inflation of 0.06%.

“Gold jewelery is the main commodity driving inflation in this group which contributes to inflation of 0.06%. he said at a press conference in Jakarta, Friday (1/11/2024).

It is said that the increase in gold prices on international market goods during October is reflected in the domestic market. It is known that gold prices again set higher highs during October.

In addition, other commodities that contribute to inflation are largely contributed by the prices of rice with side dishes, ground coffee and cooking oil.

“Other commodities that contributed to inflation include pure chicken meat with inflation of 0.04%, thyme with inflation of 0.03%, tomatoes, rice and side dishes with inflation of 0.02%, ground coffee, cooking oil, machine rolled kretek cigarettes, and purebreds. chicken eggs contributed to inflation of 0.01% each.” explained Amalia.

The inflation recorded in October ended Indonesia’s bullish trend in the past five months. Up to 28 out of 38 provinces in Indonesia experienced inflation, while the rest experienced deflation. Inflation was highest in Maluku at 0.65%. Meanwhile, the deepest inflation occurred in North Maluku at 1.05%.

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