Bank Indonesia prepares clusters to stabilize food commodity prices ahead of Eid

News24xx.com - For the last year, Bank Indonesia launched the National Strategic Food Price Information Center (PIHPS) Nasional on June 12th, 2018. It is a web-based application that provides price information for 10 commodities including red chili, cooking oil, rice, sugar, eggs and beef.

As for to see the data can access the national PIHPS website that is hargapangan.co.id.

Head of the Bank Indonesia Regional Office of Riau Province, Siti Astiyah, said interrupted when break the fasting with the media in the city of Pekanbaru on Monday, May 21st 2018, "Methodology data, she said PIHPS technical team has to compare food prices between regions, surveyed, determine standard functions at the information stage, data collection until dissemination"

"PIHPS data is a direct survey of CPI inflation samples, and every weekday, the team conducts surveys to market at 9-11 am by using mobile apps" said Siti Astiyah.

Then, the team will input the survey data at 10-12 am and the data is published at 13 noon. PIHPS will conduct a breakthrough related to monitoring food price data in modern markets and wholesalers.

In addition to the data extension, she said that PIHPS technical team will complete PIHPS website or hargapangan.co.id by completing the feature of commodity trade of food or e-commerce and public communication feature (public engagement).

Siti said that for the city of Pekanbaru and surrounding areas in the latest period May 14th – 21st 2018, food prices data is still stable. "The data is still stable, there has been no significant increase and decrease" she said.

She mentioned, the price data of some commodities are rice is still fixed at IDR 12,650 per kilogram, chicken meat down 0.16 percent  ie IDR 50, beef down 1.43 percent ie IDR 1.650, chicken eggs 0.48 percent ie IDR 200, onion down 0.31 percent ie IDR 100, garlic still at IDR 26.600, red chilli down 5.65 percent ie IDR 2.200, chili 7.08 percent ie IDR 2.400.

"All commodity prices are still balanced or equilibrium" she said.

"This PIHPS data is on the cooperation of local government, BULOG and food service, and if it is before entering Eid, usually commodity prices will increase, but we cooperate with the relevant agencies and agencies have prepared to stabilize the price. built a prepared" she explained.

"It is expected that with this cluster built, the supply of the market can be fulfilled and price stability can be maintained later" she said.

Bank Indonesia and related parties continue to strive to maintain balance and stability, so that farmers benefit and society is not harmed.

Mentioned by Siti, that the current policy is similar to what happened last year, in the first few weeks the availability of commodity goods is complete in the market and the price is also good.

"To maintain price stability and not the occurrence of things that we do not want together, it is necessary to participate all of us" she concluded.

 

 

 

 

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