Indonesia’s annual inflation accelerated to 4.76% in February 2026 from 3.55% in the prior month, reaching its highest level since March 2023. The jump was largely due to a low base effect, as electricity tariff discounts launched in early 2025 had suppressed prices last year, pushing the latest reading above the central bank's 1-1/2%–3-1/2% target range. Upward price pressures came from most components, including food (3.51% vs 1.54% in January), housing (16.19% vs 11.93% in), clothing (0.73% vs 0.56%), furnishings (0.21% vs 0.16%), health (1.61% vs 1.62%), transport (0.12% vs 0.58%), recreation (0.96% vs 1.05%), education (1.11% vs 1.11%), and restaurants (1.37% vs 1.36%). Meantime, deflation in communication costs lingered (-0.09% vs -0.19%). Core inflation, which strips out volatile food and administered prices, rose to 2.63%, the strongest since May 2023. Monthly, consumer prices rose 0.68%, reversing a 0.15% decline in January and marking the fastest monthly gain in ten months.