BPS States Natural Gold Experiences Deflation for Two Consecutive Months in April 2026

Jakarta (ANTARA) - Deputy for Distribution and Services Statistics at the Central Statistics Agency (BPS), Ateng Hartono, stated that jewellery gold commodities experienced monthly deflation again in April 2026, following March 2026. He explained that gold underwent monthly deflation of 3.76% month-to-month (mtm) in April 2026, deeper than the previous month’s 1.17% mtm. “Jewellery gold in March and April experienced a decline in its international price,” Ateng said in Jakarta on Monday. According to World Bank Commodity Price Data, the global gold price fell from $5,019.97 per troy ounce in February 2026 to $4,881.13 per troy ounce in March 2026, and further to $4,719.28 per troy ounce in April 2026. “Previously, jewellery gold had been inflating for 30 consecutive months, from September 2023 to February 2026,” Ateng said. He noted that the jewellery gold commodity was the largest contributor to deflation in the personal care and other services expenditure group, with a deflation contribution of 0.09%. The price drop in this commodity drove the personal care and other services expenditure group to experience 0.99% mtm deflation in April 2026, with a deflation contribution of 0.07% to the overall monthly inflation rate. The deflation rate in the personal care and other services expenditure group in April 2026 was recorded as the deepest since January 2020. As a result, this expenditure group became one of the two dampeners of the monthly inflation rate in April. “Besides the food, beverages, and tobacco expenditure group, the personal care and other services expenditure group also experienced deflation or moderated inflation in April 2026,” Ateng said. BPS recorded that Indonesia’s economy in general experienced monthly inflation of 0.13% mtm, annual inflation (year-on-year/yoy) of 2.42% yoy, and calendar-year inflation (year-to-date/ytd) of 1.06% ytd in April 2026.