No.28/129/DKom
Consumer Price Index (CPI) inflation in June 2026 was contained within the 2.5±1% target corridor. Based on data released by BPS-Statistics Indonesia, the CPI in June 2026 recorded 0.44% (mtm) inflation, bringing annual headline inflation to 3.34% (yoy). Inflation was maintained within the target range due to monetary policy consistency and close inflation control synergy between Bank Indonesia and the (central and regional) Government through the Central/Regional Government Inflation Control Teams (TPIP/TPID), while strengthening implementation of the National Food Security Program. Moving forward, Bank Indonesia is confident that inflation will remain under control and within the 2.5±1% target range in 2026 and 2027.
Core inflation remained under control. Core inflation in June 2026 was recorded at 0.23% (mtm), relatively stable compared with the 0.22% (mtm) realised in the previous period. The latest core inflation developments were primarily influenced by high international commodity prices, amid anchored inflation expectations. Annually, core inflation in June 2026 was recorded at 2.76% (yoy), up from 2.59% (yoy) the month earlier.
Volatile food (VF) inflation remained under control. VF in June 2026 experienced 0.14% (mtm) inflation, lower than the 0.22% (mtm) realised in the previous period. The main contributors to VF inflation in the reporting period were shallots, garlic and rice in line with lower production in production hubs, higher transportation costs and the end of the main harvesting season. Annually, VF inflation was recorded at 5.58% (yoy), lower than the 6.24% (yoy) recorded in the previous period. Moving forward, VF inflation is projected to remain under control, supported by close synergy between Bank Indonesia and the TPIP/TPID teams, while strengthening implementation of the Inflation Control and Food Prosperity Movement (GPIPS).
Administered prices (AP) experienced inflation. AP in June 2026 recorded 1.41% (mtm) inflation, higher than the 0.52% (mtm) realised in the previous period. AP inflation was mainly attributable to petrol prices and airfares in line with adjustments to non-subsidised fuel prices and aviation fuel prices caused by high global energy prices. Annually, AP inflation was recorded at 3.42% (yoy), up from 2.07% (yoy) inflation in the previous period.
Jakarta, 1st July 2026
Communication Department
Ramdan Denny Prakoso
Executive Director
