Jakarta, CNBC Indonesia – Rice prices have continued to creep up since last year. Especially, in the last month, the rate of increase in domestic rice prices seems to be getting out of control.
Today, Monday (11/9/2023), the price of medium rice is reported to have increased by IDR 60 to IDR 12,760 per kg and premium rice has increased by IDR 60 to IDR 14,390 per kg. According to the Food Agency Price Panel, the data was accessed at 13.17 WIB. This is the highest average daily retail price of rice in the country, both for medium and premium.
A week ago, September 4 2023, the price of medium rice was recorded at IDR 12,510 per kg, and premium at IDR 14,170 per kg.
On a monthly average, the price of medium rice in September 2023 was recorded at IDR 12,560 per kg, an increase compared to September 2022 which was still at IDR 10,950 per kg. Meanwhile, premium rice is at IDR 14,210 per kg in September 2023, skyrocketing from September 2022 which was recorded at IDR 12,480 per kg.
The highest price for medium rice today reached IDR 15,800 per kg in Papua and premium rice reached IDR 18,120 per kg in Kalimantan.
Specifically in the DKI Jakarta area, it was recorded that the price of medium rice (IR III/IR 64) and premium rice (Setra I) also rose compactly. Jakarta Food Information noted that the average price of medium rice increased by Rp. 122 to Rp. 11,756 per kg and premium rice, increased by Rp. 66 to Rp. 13,760 per kg.
Price Increase Trend
“You need to pay attention to the price of rice, because it is still on an upward trend until the first week of September 2023. There is still an increase,” said Plt. Head of BPS Amalia Adininggar Widyasanti during the 2023 Inflation Control Coordination Meeting, Monday (11/9/2023).
BPS noted that the increase in rice prices was in line with the increase in grain prices at the farmer level, as well as the increase in rice prices at the milling and wholesale levels.
The increase in rice prices, he continued, was the main cause of inflation in August 2023 on a monthly basis and throughout 2023 until now (year to date/ ytd).
“The increase in grain prices for farmers in August 2023 will increase by 3.62% on a monthly basis for harvested dry grain (GKP) and increase by 5.82% for milled dry grain (GKG),” said Amalia.
He added, there are differences in the trend of changes in the average price of rice at retail on a month to month (monthly) and year on year (annual) basis.
“At retail it is not as high as the average change in the price of rice at the mill. If we compare, the highest increase was at the mill. The price of rice at retail rose 1.43% on a monthly basis and 13.76% year on year. However, at the mill it rose 2, 59% monthly and 20.27% year on year,” explained Amalia.
Good grief! Rice Price ‘Explodes’ Again, Now IDR 14,000