No: 28/91/DKom
Consumer Price Index (CPI) inflation in April 2026 was contained within the 2.5%±1% target corridor. Based on data released by BPS-Statistics Indonesia, the CPI in April 2026 recorded 0.13% (mtm) inflation, bringing annual headline inflation to 2.42% (yoy), down from the 3.48% (yoy) recorded in the previous month. 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), as well as 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 April 2026 was recorded at 0.23% (mtm), higher than the 0.13% (mtm) in the previous period. The main contributor to the core inflation developments was cooking oil prices in line with higher global crude palm oil (CPO) prices, amid anchored inflation expectations. Annually, core inflation in April 2026 was recorded at 2.44% (yoy), down from 2.52% (yoy) the month earlier.
Volatile food (VF) experienced deflation. VF in April 2026 experienced 0.88% (mtm) deflation, following 1.58% (mtm) inflation in the previous period. VF deflation mainly stemmed from purebred chicken meat, purebred chicken eggs and various chilli varieties, as demand normalised after the Eid-ul-Fitr festive period and in line with the ongoing harvest season at several production hubs. Annually, VF inflation was recorded at 3.37% (yoy), retreating from 4.24% (yoy) the month earlier. Moving forward, VF inflation is projected to remain under control, supported by close synergy between Bank Indonesia and the TPIP and TPID, as well as strengthened implementation of the Inflation Control and Food Prosperity Movement (GPIPS).
Administered prices (AP) recorded inflation. AP in April 2026 experienced 0.69% (mtm) inflation, higher than the 0.31% (mtm) realised in the previous period. AP inflation was mainly contributed by airfares, petrol prices and household fuel in line with higher aviation fuel prices and adjustments to non-subsidised fuel (BBM) and non-subsidised Liquefied Petroleum Gas (LPG) prices. Annually, AP inflation was recorded at 1.53% (yoy), down from 6.08% (yoy) the month earlier.
Jakarta, 4th May 2026
Communication Department
Ramdan Denny Prakoso
Executive Director
