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February 2020 inflation recorded at 0.28%

04 March 2020 14:03

JAKARTA - Bank Indonesia (BI) recorded that inflation in February 2020 reached 0.28% month to month (mtm). This figure is lower than the January 2020 inflation of 0.39% mtm.

The low inflation was influenced by the low core inflation group, administered prices group which recorded deflation, and lower volatile food inflation. Core inflation was recorded at 0.14% mtm, down from January 2020 inflation of 0.19% mtm.

On an annual basis, the consumer price index (CPI) inflation remained low at 2.98% year on year (yoy), although it rose slightly compared to January 2020 inflation of 2.68% yoy. Meanwhile, annual core inflation stood at 2.76% yoy, down from inflation in the previous month at 2.88% yoy. (MS)

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