Indonesia’s inflation swung back into positive territory in February 2026, ending a brief deflationary spell at the start of the year. Month-over-month consumer prices rose 0.68% in February, a sharp reversal from the -0.15% decline recorded in January 2026, according to data updated on 2 March 2026.
The move marks a clear shift in short-term price dynamics. While January’s reading signaled a modest month-on-month contraction in prices, February’s result indicates renewed upward pressure on consumer costs. On a month-over-month basis, the “actual” February figure is measured against January, whereas the previous reading was a comparison of January to December, underscoring the strength of the latest rebound.
The return to inflation suggests that the early-year softness in prices may have been temporary rather than the start of a more prolonged deflationary trend. Market participants and policymakers will now be watching upcoming releases to assess whether February’s 0.68% increase represents the beginning of a firmer inflation path or a one-off adjustment following January’s decline.
