- Inflation eased to 2.42% YoY in Apr-26, driven by fading electricity subsidy base effects, while MoM inflation remained modest at 0.13% amid softer post-Ramadan demand and stable administered prices despite higher global energy costs.
- Price dynamics were mixed, with MoM pressures from airfares, fuel, and several food items, while YoY inflation decelerated across all components, led by administered prices. However, core inflation (ex-gold) edged up, signaling resilient credit demand,
- Looking ahead, the inflation outlook is tilted to the upside amid lingering risks, including elevated energy prices, exchange rate pressures, and potential El Niño effects, thereby limiting Bank Indonesia’s easing room.
