Indonesia’s wholesale prices rise 2.82% YoY in August

Indonesia’s National Wholesale Price Index (WPI) increased by 2.82 per cent year-on-year in August 2024, driven primarily by higher prices in the agriculture sector, according to the latest data published by BPS-Statistics Indonesia on Monday.

The most significant price increases were observed in rice, oil palms, ginger, filtered cigarettes with cloves, and coffee beans. These commodities contributed substantially to the overall rise in the WPI.

On a monthly basis, the WPI declined by 0.12 per cent in August. However, year-to-date, the index rose by 1.52 per cent.

The construction materials sector also experienced price increases, with a year-on-year change of 1.24 per cent. The rising costs of diesel fuel, sands, stone for construction foundations, asphalt, and cement contributed to this increase.

Attribution: BPS-Statistics Indonesia report

Subediting: M. S. Salama