Deflation in Padang triggered by decline of shallots, flight tickets and chicken prices in July 2020

Padang (ANTARA) - Deflation in Padang was triggered by the decline of the shallots, flight tickets and chicken prices in July 2020

based on records compiled by the Central Statistics Agency (BPS) of West Sumatra.

"In July 2020 Padang experienced a 0.11 percent deflation triggered by a decline in a number of commodities ranging from food to the transportation sector," said Head of West Sumatra BPS, Pitono in Padang, Monday.

According to him, besides onion, a number of other commodities also experienced a decline in July 2020, such as tutoring, garlic, sugar, carrots, leeks, and coconut.

Otherwise, in July 2020 there were a number of commodities that experienced price increases, such as gold, red chili, skipjack fish, eggs, tuna, jengkol, petai, rice and ketupat.

In July 2020 out of 24 cities in Sumatra, five cities experienced inflation and 19 cities experienced deflation.

The highest inflation occurred in Tanjung Pinang by 0.34 percent and the lowest in Pangkal Pinang 0.06 percent.

While the highest deflation was in Pematang Siantar 0.76 percent and the lowest was in Gunung Sitoli 0.01 percent.

Padang ranks 16th city experiencing deflation in Sumatra and 42 nationally.

Deflation is a condition of prices generally going down and the value of money increasing.

While inflation is a condition that occurs due to the amount of money circulating in the community is too much and vice versa deflation occurs due to lack of money in circulation.

Previously, based on monitoring in the Pasar Raya Padang on July 30, 2020 the price of shallots fell from Rp32 thousand to Rp30 thousand.

The Head of the Supervision and Price Stabilization Section of the Padang City Trade Office, Irfandi, explained that the reduction in the price of shallots was caused by the amount of onion supplies increased in the market.

Transleted by: Mutiara Ramadhani