JAKARTA, KOMPAS.com - Indonesia’s inflation rate in 2011 reached 3.79 percent, well below the government-set target of 5.65 percent, the Central Bureau of Statistics (BPS) said.
The increase in rice price was the biggest contributor to the 2011 inflation rate with 0.54 percent, followed by gold jewelry 0.34 percent, filter clove-blended cigarette 0.22 percent and house rents 0.21 percent, acting BPS chief Suryamin said on Monday.
He said the rise in air tickets contributed 0.19 percent, fresh fish price 0.18 percent, and senior high school tuition 0.10 percent. "The group of foodstuffs was the biggest contributor to the 2011 inflation rate, followed by the group of processed food, beverage, cigarette and tobacco."
He stated the highest inflation rate in 2011 happened in August, reaching 0.93 percent due to an increase in gold jewelry, fresh fish and rice prices as well as air tickets.
Meanwhile, the highest deflation rate in 2011 occurred in March, reaching 0.32 percent, with the decline in the prices of red chili, rice and onion recorded as the main contributor to the deflation.
"The year-on-year inflation rate is the same as the calender inflation rate which stood at 3.79 percent." In December 2011 alone, inflation rate stood at 0.57 percent, fueled by an increase in the prices of rice, red chili, tomato, chicken meat and fresh fish, he said.
"The increase in the prices of rice contributed 0.15 percent, red chili 0.16 percent, chicken egg 0.33 percent and fresh fish 0.03 percent." Suryamin said the prices of such commodities as gold jewelry, onion and legume declined in December 2011 compared to the previous month.