JAKARTA - Bank Indonesia (BI) revealed that the Consumer Price Index (IHK) in February 2025 experienced deflation of 0.48 percent (mtm), so that on an annual basis the JCI experienced a deflation of 0.09 percent (yoy), or a decrease compared to the previous month which recorded inflation of 0.76 percent (yoy).
Executive Director of the Communication Department, Ramdan Denny Prakoso, said that deflation occurred due to falling prices in administrative prices, which were mainly contributed by electricity tariff commodities, as well as volatile food groups contributed by broiler meat commodities, shallots, and various chilies.
Denny said that Bank Indonesia will consistently maintain price stability and strengthen the synergy of inflation control with the Government (Center and Region) in the Central and Regional Inflation Control Team (TPIP and TPID) through the National Food Inflation Control Movement (GNPIP) in various regions.
"In the future, Bank Indonesia believes that inflation will remain under control in the 2.5 percent target range plus minus 1 percent by 2025," he said in his statement, Tuesday, March 4.
Denny said that the core group inflation in February 2025 was recorded at 0.25 percent (mtm), lower than the realization in the previous month of 0.30 percent (mtm).
According to him, the development of core inflation is mainly influenced by the increase in the prices of several global commodities, amidst the expectations of maintained inflation.
"The realization of core inflation in February 2025 was contributed mainly by inflation of gold jewelery, powdered coffee and cars," he said.
Denny said that on an annual basis, core inflation in February 2025 was recorded at 2.48 percent (yoy), an increase from the previous month's realization of 2.36 percent (yoy).
In addition, Denny said that in February 2025 there was a deflation of 0.93 percent (mtm), a decrease compared to inflation in the previous month of 2.95 percent (mtm).
"The deflation of the volatile food group was contributed mainly by broiler meat commodities, various chilies, and shallots, in line with the reduction in input costs for animal feed production and increased production of horticultural commodities," he added.
On an annual basis, Denny said that the volatile food group experienced inflation of 0.56 percent (yoy), a decrease from the previous month's inflation of 3.07 percent (yoy).
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In the future, Denny said that volatile food inflation is predicted to remain under control, supported by the close synergy between Bank Indonesia and TPIP and TPID through GNPIP in various regions.
Furthermore, the administrative price group in February 2025 recorded deflation of 2.65 percent (mtm), not as deep as the previous month's deflation of 7.38 percent (mtm).
Denny conveyed that the administrative price group deflation was mainly contributed by electricity tariff commodities in line with the continued implementation of the 50 percent electricity tariff discount policy for household customers with an electrical installed power of up to 2,200 VA.
On an annual basis, Denny conveyed that the deflation of the administrative prices group was recorded at 9.02 messages (yoy), deeper than the previous month's deflation of 6.41 percent (yoy).
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