No.28/62/DKom
According to the latest Retail Sales Survey, retailers expect monthly and annual retail sales to increase in February 2026. This was reflected in the Real Sales Index (RSI), with respondents predicting 6.9% (yoy) growth in February 2026. Retailers expect sales performance to be driven by broad-based increases across most commodity groups, particularly Spare Parts and Accessories, Other Household Equipment and Clothing. On a monthly basis, respondents predict 4.4% (mtm) retail sales growth in February 2026, prompted by seasonal demand during Ramadan and ahead of the Eid-ul-Fitr 1447 H festive period.
In January 2026, annual RSI growth was recorded at 5.7% (yoy), primarily supported by growth of Cultural and Recreational Goods, Food, Beverages and Tobacco, as well as Clothing. On a monthly basis, retail sales in January 2026 experienced a 2.7% (mtm) contraction as private consumption normalised after the Christmas and New Year holiday period.
In terms of prices, respondents predict milder inflationary pressures in the next 3 months (April 2026), followed by a build-up of price pressures in the next 6 months (July 2026). This was reflected in the Price Expectations Index (PEI) in April 2026, which decreased to 153.9 from 175.7 in March 2026 given the normalisation of prices after Eid-ul-Fitr. Meanwhile, respondents predict a PEI in July 2026 of 157.1, increasing from 156.3 in June 2026 due to higher prices at the start of the new academic year.
More information concerning the Retail Sales Survey is accessible via the official Bank Indonesia website.
Jakarta, 10th March 2026
Communication Department
Ramdan Denny Prakoso
Executive Director
