Indonesia Feb inflation cools to 6.29% y/y as fuel costs drop

[JAKARTA] Indonesia's annual inflation in February eased more than expected to 6.29 per cent, due to falling prices of fuel and chillies, the statistics bureau said on Monday.

A Reuters poll of 13 analysts had expected inflation to cool to 6.70 per cent in February, from 6.96 per cent in January.

The consumer price index (CPI), on a monthly basis, fell for the second month at a rate of 0.36 per cent.

Core inflation, which excludes administered prices and volatile food prices, slowed slightly to 4.96 per cent in February from 4.99 per cent the month before.

REUTERS