Indonesia’s annual inflation rate accelerated further in May, according to the latest data published by Statistics Indonesia on Monday.
Indonesian May’s annual inflation rate rose to 3.32% on the year, compared with April’s 2.83% and 2.69% expectations but remained between the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 3.12% vs. 3.04% previous and 3.05% expected.
Meanwhile, the monthly inflation reading for May came in at 0.68% vs. 0.32% expected and 0.44% last.
The USD/IDR cross keeps the offered tone intact near 14,230 but moves-off lows despite a beat on the Indonesian CPI figures for the month of May.
Share
