Grocery price survey, which is conducted by Bank
Indonesia in the third week of February 2016, showed the tendency of deflation
by 0.13% MoM. The result is very consistent with the survey in the first and
the second week, which was 0.15% MoM and 0.14% MoM respectively. The Bank
Indonesia predicts the inflation to increase by 3% to 5% YoY this year. In
addition, target inflation within the macro state budget 2016 is 4.7%. Since
2010, the inflation in February is relative low compared to the other months.
The highest inflation in February was in 2013, which was 0.75% MoM.
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