Indonesia’s annual inflation rate accelerated further in June, according to the latest data published by Statistics Indonesia on Monday.
Indonesian June’s annual inflation rate rose to 3.28% on the year, compared with May’s 3.32% and 3.18% expectations but remained between the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 3.25% vs. 3.12% previous and 3.12% expected.
Meanwhile, the monthly inflation reading for June came in at 0.55% vs. 0.54% expected and 0.68% last.
The USD/IDR cross keeps its recovery mode intact from two-month lows of 14,082 to now trade near 14,110. The Indonesian Rupiah remains uninspired by upbeat Indonesian CPI figures for the month of June.
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