{
    "success": true,
    "data": {
        "id": 1647890,
        "msgid": "economists-predict-higher-march-inflation-but-still-within-target-1775011847",
        "date": "2026-04-01 09:17:43",
        "title": "Economists predict higher March inflation, but still within target",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "The Institute for Development of Economics and Finance (INDEF) forecasts that Indonesia's inflation rate for March 2026 will be slightly higher than average, driven by rising food and energy commodity prices due to Ramadan and Idul Fitri demand as well as global geopolitical tensions, yet it remains within the government's target range of 2.5% plus or minus 1%. Key factors include demand-pull inflation from festive period consumption, cost-push inflation from increased fuel prices affecting production and logistics costs, and imported inflation from international conflicts impacting energy supplies. The Central Statistics Agency (BPS) is set to release the official March data on 1 April, following year-on-year rates of 3.55% in January and 4.76% in February 2026, amid recent non-subsidised fuel price hikes announced by Pertamina.",
        "content": "<p>Jakarta (ANTARA) - The Institute for Development of Economics and\nFinance (INDEF) projects that the inflation rate for March 2026 could be\nslightly higher than average, driven by inflation in food and energy\ncommodities, but still within the government\u2019s target range.<\/p>\n<p>INDEF Executive Director Esther Sri Astuti stated that the price\nincreases in these two commodities are partly influenced by heightened\ndemand during the Ramadan and Idul Fitri 1447 Hijriah period, as well as\nthe impact of global geopolitical turmoil.<\/p>\n<p>\u201cDue to the Ramadan and Eid effects, along with geopolitical\nconflicts, (the inflation rate for March 2026) will be slightly higher,\nbut still within the corridor (of the government\u2019s target of 2.5 percent\nplus or minus 1 percent),\u201d said Esther Sri Astuti when contacted by\nANTARA in Jakarta on Tuesday.<\/p>\n<p>She explained that there are three types of inflation that could\ndrive the increase in the Consumer Price Index (CPI) in March 2026,\nnamely demand-pull inflation, cost-push inflation, and imported\ninflation.<\/p>\n<p>She noted that demand-pull inflation occurs due to the high increase\nin demand for goods and services during the Ramadan and Eid period\ncompared to normal days.<\/p>\n<p>Meanwhile, cost-push inflation is partly caused by the rise in fuel\noil (BBM) prices, which drives up transportation and logistics costs,\nthereby affecting production costs and leading to adjustments in the\nselling prices of goods and services.<\/p>\n<p>\u201cAdditionally, this is due to geopolitical conflicts, which is called\nimported inflation. So, inflation that occurs because of inflation from\noutside (the country), fuel is difficult (due to the war in the Middle\nEast), so what happens outside raises the prices of goods in Indonesia,\u201d\nsaid Esther.<\/p>\n<p>The Central Statistics Agency (BPS) is scheduled to announce the\ninflation report for March 2026 on Wednesday (1\/4) at 11:00. Meanwhile,\nthe annual inflation in January 2026 was recorded at 3.55 percent\nyear-on-year (yoy) and 4.76 percent yoy in February 2026.<\/p>\n<p>Regarding the fuel price increase, PT Pertamina (Persero) announced\nan update to fuel prices for certain regions effective from 1 March,\nwith the non-subsidised Pertamax type rising to Rp12,300 per litre.<\/p>\n<p>In Jabodetabek, the price of Pertamax (RON 92) fuel rose to Rp12,300\nper litre from Rp11,800 per litre, as did Pertamax Green (RON 95), which\nincreased to Rp12,900 per litre from Rp12,450 per litre in February\n2026.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/economists-predict-higher-march-inflation-but-still-within-target-1775011847",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}