Indonesia's annual inflation rate rose to 3.05% in March, driven by volatile food prices.
Indonesia's annual inflation rate increased to 3.05% in March, its fastest pace in seven months, due to increased demand during Ramadan, causing volatile food prices to rise 10.33% year-on-year. The core inflation rate stood at 1.77%. The inflation data and a report showing a smaller February trade surplus may strengthen the central bank's decision to keep interest rates unchanged in the coming months.
March 31, 2024
15 Articles