Amid Rising Global Oil Prices, Bank Indonesia Reports Strong Consumer Confidence in February 2026

A consumer survey conducted by Bank Indonesia (BI) in February 2026 demonstrates that public confidence in Indonesia’s economic conditions remains strong amid concerns over rising global oil prices.

This is reflected in the Consumer Confidence Index (IKK), which stands at an optimistic level of 125.2, remaining above the optimism threshold of 100.

Ramdan Denny Prakoso, Executive Director of Bank Indonesia’s Communications Department, stated that the strength of consumer confidence is supported by positive perceptions of current economic conditions.

“Consumer confidence in February 2026 remains strong, as reflected in the Consumer Confidence Index standing at an optimistic level of 125.2,” Denny said in an official statement on Monday, 9 March.

He explained that the sustained strength in consumer confidence is primarily supported by the Current Economic Index (IKE), recorded at 115.9, an improvement compared to the previous month’s level of 115.1.

Meanwhile, the Consumer Expectations Index (IEK) in February 2026 remains in the optimistic zone at 134.4, although slightly down compared to January 2026’s figure of 138.8.

As reported, global oil prices have surged to $118 per barrel today.

In response to the rise in global oil prices, the Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia announced plans to accelerate the implementation of mandatory bioethanol blending policies for fuel.