April 2026 Inflation Declines, BI Cites Evidence of Strengthening National Food Resilience

Bank Indonesia (BI) has stated that the decline in the consumer price index (CPI) inflation for April 2026 to 2.42% (year-on-year) compared to the previous month is the outcome of consistent monetary policies and close synergy among stakeholders, namely BI alongside the central government and regional governments united in the Central Inflation Control Team (TPIP) and Regional Inflation Control Teams (TPID). Additionally, Ramdan Denny Prakoso, Executive Director of BI’s Communication Department, revealed that the controlled inflation is also supported by the strengthening of national food resilience programme implementation. “Going forward, Bank Indonesia is confident that inflation will remain controlled within the 2.5±1% target range (1.5-3.5%) in 2026 and 2027,” Denny said in his statement in Jakarta, quoted on Tuesday, 5 May 2026. Based on data from the Central Statistics Agency (BPS) released on Monday (4/5), the CPI for April 2026 recorded inflation of 0.13% on a monthly basis (month-to-month/mtm), resulting in annual CPI inflation of 2.42% (year-on-year/yoy), lower than the previous month’s realisation of 3.48% (yoy). Core inflation for April 2026 was recorded at 0.23% (mtm), higher than the previous month’s 0.13% (mtm). The development of core inflation was driven by cooking oil commodities amid rising global crude palm oil (CPO) prices, against expectations of stable inflation. On an annual basis, core inflation for April 2026 was 2.44% (yoy), down from the previous month’s 2.52% (yoy). Furthermore, the volatile food group in April 2026 experienced deflation of 0.88% (mtm), lower than the previous month’s inflation of 1.58% (mtm). The deflation in the volatile food group was primarily contributed by broiler chicken meat, broiler eggs, and various types of chillies, in line with the normalisation of demand after the National Religious Holiday (HBKN) of Eid al-Fitr and the ongoing major harvest in production centres. On an annual basis, the volatile food group experienced inflation of 3.37% (yoy), lower than the previous month’s 4.24% (yoy). BI stated that going forward, volatile food inflation is projected to remain controlled, supported by close synergy between Bank Indonesia and TPIP and TPID, as well as the strengthening of the Inflation Control and Prosperous Food Movement (GPIPS) implementation.