Jakarta – Indonesia's inflation rate in February rose 1.5 percent from January and 15.13 percent from a year earlier, it was announced Friday.

The result was a setback to economic planners, who forecast an inflation rate of 9.0 percent in this year's budget.

Sharp price rises for rice, and continued fuel and electricity price increases due to government subsidy cuts, pushed prices up across the board, said Slamet Mukeno, of the Central Bureau of Statistics.

Disruption to distribution channels after major floods begining in late January also fuelled inflation.

Mukeno declined to comment on the outlook for the year but said inflation in the first two months had already reached a high level of 3.52 percent.

Last month the International Monetary Fund said Indonesia's central bank had no plans to revise its inflation target for this year despite concerns over the impact of the widespread flooding.