Indonesia: Inflation rises in April
Consumer prices increased 0.44% in April over the previous month, up from March’s 0.11% increase. April’s print was driven by higher food prices.
Inflation rose from March’s multi-year low of 2.5% to 2.8% in April, moving further within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation ticked up from 3.0% to 3.1%.