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Indonesia's inflation rose to 4.76% in February 2026, driven by higher food, electricity, and gold prices.
Indonesia's consumer inflation rose to 4.76% year-on-year in February 2026, up from 3.55% in January, driven by higher food, electricity, and personal care prices, with the expiration of electricity discounts and seasonal Ramadan demand contributing to the increase.
Monthly inflation reached 0.68%, led by surges in food and gold jewelry costs.
Core inflation rose to 2.63%.
Bank Indonesia expects inflation to stay within its 1.5% to 3.5% target range in 2026 and 2027, with the rupiah weakening amid global uncertainty but deemed undervalued.
The central bank may cut rates, pending economic data, while Goldman Sachs forecasts two 25-basis-point cuts in 2026.
La inflación de Indonesia aumentó a 4.76% en febrero de 2026, impulsada por precios más altos de alimentos, electricidad y oro.