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According to the latest Reuters poll of analysts, the Indonesian annual inflation rate is seen inching higher in the month of April amid a surge in food prices heading into the Muslim fasting month of Ramadan.

Key Findings:

“The April annual inflation rate is forecast by 13 analysts to accelerate to 2.69 percent on year, compared with March’s 2.48 percent, which remains near the lower end of Bank Indonesia’s (BI) 2.5-4.5 percent target range.

Rising prices of garlic, chilly, chicken, shallot and egg as the main reason for the pick-up in April inflation.

Increasing airfares also contributed to consumer inflation.”