West Java's February 2024 inflation of 3.09 percent (y-on-y)

West Java inflation in February 2024 reached 3.09 percent (year-on-year), indicating an increase in prices of goods and services compared to February 2023. This figure is higher than national inflation of 2.75 percent. Some important points: Inflation February 2024: 3.09 percent (y-on-y) Compared to: National: 2.75 percent (y-on-y) West Java January 2024: 3.02 percent (y-on-y) Main contributing components: Food, beverage and tobacco groups (6.51 percent). Reason: Increase in food prices: Prices of rice, chilies, shallots and chicken have increased. Increase in air freight rates: Increase in air freight rates in early 2024. Global factors: Increase in energy and commodity prices in global markets. Impact: Decreasing people's purchasing power: People have a lower ability to buy goods and services. Increased household living expenses: Household expenditure on basic needs increases. Slowing economic growth: High inflation can hinder economic growth. Government efforts: Carrying out market operations: Carrying out market interventions to stabilize prices of basic commodities. Distribute social assistance: Provide social assistance to poor and vulnerable communities. Strengthening food security: Increasing food production and distribution. Monitoring prices of goods and services: Monitoring prices of goods and services periodically. Even though West Java inflation is still under control, continued efforts are needed from all parties to maintain price stability and people's purchasing power.