BI Reveals March 2026 Inflation Remains Controlled Thanks to This

Bank Indonesia has affirmed that the Consumer Price Index (CPI) inflation for March 2026 remained stable or within the targeted range of 2.5±1%. According to data from the Central Statistics Agency, the CPI for March 2026 recorded inflation of 0.41% (month-to-month), resulting in an annual CPI inflation of 3.48% (year-on-year), a decrease compared to the previous month’s realisation of 4.76% (yoy). “The inflation that remains stable within its target range is the result of consistent monetary policy as well as close synergy in inflation control between Bank Indonesia and the Government (central and regional) in the Central and Regional Inflation Control Teams (TPIP and TPID) and the strengthening of the implementation of the National Food Resilience Programme,” stated Executive Director of the Communications Department, Ramdan Denny Prakoso, in his statement on Thursday, 2 April 2026. He revealed that core inflation for March 2026 was also controlled at 0.13% (mtm), lower than the previous month’s 0.42% (mtm). The development of core inflation was primarily influenced by the decline in global gold commodity prices and stable inflation expectations, amid increased demand during the National Religious Holiday (HBKN) of Eid al-Fitr. On an annual basis, core inflation for March 2026 was recorded at 2.52% (yoy), down from the previous month’s 2.63% (yoy). Inflation in the volatile food group remained stable. The volatile food group in March 2026 experienced inflation of 1.58% (mtm), a decrease compared to the previous month’s 2.50% (mtm). Inflation in the volatile food group was primarily contributed by commodities such as broiler chicken meat, rice, and broiler eggs, in line with increased demand during the HBKN Eid al-Fitr period. On an annual basis, the volatile food group experienced inflation of 4.24% (yoy), lower than the previous month’s 4.64% (yoy). Looking ahead, 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 implementation of the Food Security Inflation Control Movement (GPIPS). “Looking ahead, Bank Indonesia is confident that inflation will remain controlled within the target range of 2.5±1% in 2026 and 2027,” he stated. The administered prices group recorded inflation. The administered prices group in March 2026 experienced inflation of 0.31% (mtm), an increase compared to the previous month’s deflation of 0.03% (mtm).