JAKARTA (Reuters) – Indonesia’s annual inflation charge eased greater than anticipated in Might, information from the statistics bureau confirmed on Monday, remaining inside the central financial institution’s 1.5% to three.5% goal vary.
The Might headline inflation charge was 2.84%, down from 3% in April. A Reuters ballot of analysts had anticipated an inflation charge of two.94% in Might.
Inflation has stayed inside Financial institution Indonesia’s goal vary for the reason that center of final 12 months. The central financial institution has delivered a cumulative 275 foundation level charge hikes since mid-2022.
Financial policymakers are nonetheless monitoring the rupiah’s current weak point in opposition to the U.S. greenback because it might convey imported inflation into Southeast Asia’s largest financial system.
BI’s final charge hike in April was in response to the rupiah falling to its lowest in opposition to the greenback since 2020.
The statistics bureau will launch core inflation information afterward Monday.
