Indonesia Posts 0.68% Monthly Inflation in February, Driven by Food and Gold
Jakarta. Indonesia’s annual inflation accelerated to 4.76% in February, while monthly inflation reached 0.68%, driven largely by rising food prices and higher gold jewelry costs, according to data released Monday by the Central Statistics Agency (BPS).
The country’s Consumer Price Index (CPI) increased from 109.75 in January to 110.50 in February, reflecting broad-based price pressures across several consumer categories.
“In February 2026, inflation reached 0.68% month-to-month as the Consumer Price Index increased from 109.75 to 110.50,” BPS Deputy Chief Statistician for Distribution and Services Statistics Ateng Hartono said during a press briefing.
On a calendar-year basis, inflation stood at 0.53%, while year-on-year inflation reached 4.76%, according to BPS.
The largest contributor to monthly inflation came from the food, beverages, and tobacco group, which recorded 1.54% inflation and contributed 0.45 percentage points to the overall increase.
Price pressures were mainly driven by several food commodities, including broiler chicken meat, bird’s eye chili, fresh fish, red chili, tomatoes, rice, and eggs.
Gold jewelry also contributed significantly to February inflation, reflecting the continued rise in global gold prices.
“Gold jewelry also contributed notably to inflation, with a contribution of 0.19%,” Ateng said.
He added that the relatively high annual inflation figure partly reflected a low base effect from early 2025, when electricity tariff discounts temporarily suppressed the CPI.
“The higher year-on-year inflation largely reflects the low base effect, as electricity tariff discounts in early 2025 lowered the CPI level at that time,” Ateng explained.
According to BPS, 33 provinces recorded inflation in February, while five provinces experienced deflation, with South Sulawesi posting the highest monthly inflation at 1.04%.
Ateng noted that price pressures often emerge during the Ramadan period, particularly from volatile food commodities. “Historically, inflation tends to occur during Ramadan, mainly driven by volatile food commodities such as chicken meat, chili, and fresh fish,” he said.
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