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Low Inflation in Ramadhan: A Novel Experience for Jakarta

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Release Date	:	May 3, 2021
File Size	:	0.61 MB

Abstract

Entering the month of Ramadan in 2021, prices in Jakarta begin to fluctuate. Almost all goods and services experienced price changing. Nevertheless, the price changes were still in an acceptable range, even the occurred inflation was recorded as the lowest inflation in the month of Ramadan in the last 4 years.

During April 2021, Jakarta was observed to experience inflation of 0.08 percent, slightly higher than the previous month, but far below April 2020, and Ramadan in 2018 and 2019. This month, the inflation or price increases ranged from 0,01 to 0.59 percent occurred evenly in all expenditure category, except for transport, which experienced mild deflation.

Meanwhile, commodities that contributed highly to inflation were mostly from foodstuff category, such as chicken and cooking oil. This is understandable given the high demand for these commodities during the month of Ramadan.

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