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