Indonesia's annual inflation rate rises to 13-month high in April
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[JAKARTA] Indonesia's annual inflation rate rose in April to the highest in 13 months, the statistics bureau said on Tuesday, which was more than expected in a Reuters poll.
The consumer price index rose 4.17 per cent on a yearly basis in April, the quickest pace since March 2016.
A Reuters poll had forecast an annual rate of 4.08 per cent. March's headline inflation rate was 3.61 per cent.
On a monthly basis, consumer prices picked up 0.09 per cent, mainly because of rising electricity tariffs.
Core inflation, which excludes government-controlled and volatile food prices, was at 3.28 per cent in April. The poll had expected a rate of 3.35 per cent.
Indonesia's central bank targets annual inflation to be between 3 per cent and 5 per cent this year. Its next policy review is on May 17-18.
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REUTERS
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