Indonesia's annual inflation rate rises to 13-month high in April
[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.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich
Even without war in the Gulf, pricier petrol is here to stay
Philippine Coast Guard to join military drills with United States
Australia’s March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%
China education firms learn tough lessons overseas