Indonesia’s June inflation eases to 2.51%, below analyst forecasts

[JAKARTA] Indonesia’s consumer price index (CPI) fell to 2.51 per cent in June, largely due to declining prices of essential food items, according to data released by the country’s statistics bureau on Monday (Jul 1).

The annual inflation rate is now at its lowest level in nine months, and is within the central bank’s target range of between 1.5 per cent and 3.5 per cent.

The June figure is lower than the 2.84 per cent in May, and below the 2.65 per cent forecast by analysts in a recent Bloomberg poll. On a monthly basis, headline inflation increased to 0.08 per cent from 0.03 per cent.