BI Introduces Online Access to National Strategic Food Price Information Center (PIHPS)

traditional market in Indonesia (photo: Alex Hudson - Unsplash)

Starting from July 1, 2023, individuals will have the opportunity to directly access the National Strategic Food Price Information Center (PIHPS) online through the official website of Bank Indonesia (BI). This initiative is part of BI’s commitment to inflation control and aims to maintain price stability by ensuring the availability of accurate food price data that can be accessed by the public at large.

Erwin Haryono, the Head of BI’s Communication Department, expressed that PIHPS, which has been under development by BI since 2016, will be deactivated on the same date, July 1, 2023. Going forward, individuals can conveniently access the website to obtain comprehensive information related to PIHPS.

“The publication of the National PIHPS on the Bank Indonesia website is an important step to enhance accessibility, accountability, and data security of national food prices,” Erwin stated in an official announcement on Wednesday (June 28, 2023).

The National PIHPS serves as a digital information system managed by Bank Indonesia, designed to collect and disseminate price data of strategic food commodities across all provinces in Indonesia. It provides crucial insights into the pricing of essential food items such as rice, chicken eggs, chicken meat, beef, red chili, bird’s eye chili, shallots, garlic, cooking oil, and granulated sugar.

Over the years, the National PIHPS monitoring survey has expanded its coverage to include four types of markets: traditional markets, modern markets, wholesalers, and producers. This comprehensive approach ensures the inclusion of diverse market segments in the price analysis.

Moreover, the National PIHPS plays a significant role as an essential indicator in monitoring the dynamic changes in food prices, not only to facilitate the analysis conducted by Bank Indonesia but also to benefit the wider public. This accessibility empowers individuals to make informed decisions regarding their food consumption and budget planning.

Bank Indonesia remains committed to enhancing the quality of the National PIHPS publication data to guarantee the accuracy and reliability of national food price information. Continuous improvements in data collection, verification, and analysis methodologies will be implemented to ensure the highest standards are met.

By launching the online platform for the National PIHPS, Bank Indonesia demonstrates its dedication to transparency and data-driven decision-making. This step forward aligns with the institution’s mission to safeguard price stability and promote economic well-being for all stakeholders in the Indonesian society.