Indonesia’s Consumer Price Index (CPI) rose on an annual basis, bringing inflation to 2.65% YoY in September 2025, up from 2.31% YoY in August 2025, marking the highest inflation rate since May 2024. Core inflation increased slightly to 2.19% YoY in September 2025 from 2.17% YoY in August 2025. Commodities contributing to the core inflation component included gold jewelry, cooking oil, and instant coffee. Meanwhile, the volatile food component recorded the highest inflation, at 6.44% YoY in September 2025, mainly driven by rising prices of red chili peppers, shallots, rice, and broiler chicken meat. The administered price component experienced 1.10% YoY inflation, with major contributions from PAM water tariffs, machine-made kretek cigarettes (SKM), and household fuels.