Indonesia’s Consumer Price Index (CPI) recorded a deflation of 0.09% YoY in February 2025, down from 0.76% YoY in January 2025, marking the lowest level since 2000. This realization was lower than the consensus forecast of 0.41% inflation. Core inflation increased to 2.48% YoY in February 2025 from 2.36% YoY in January 2025. Commodities contributing to core inflation included jewelry, ground coffee, and rice with side dishes. Meanwhile, the volatile food group experienced inflation of 0.56% YoY in February 2025, down from 3.07% YoY in January 2025, primarily supported by price increases in chicken meat, shallots, and red chilies. Government-administered prices experienced deflation of 9.02% YoY in February 2025 from 6.41% YoY deflation in January 2025, with significant contributions from electricity tariff discounts and non-subsidized fuel price reductions