Indonesia's CPI rebounds to 2.83% y/y in April, beats estimates

Dhwani Mehta FXStreet

Indonesia’s annual inflation rate picked up pace in April from a decade low, according to the latest data published by the Statistics Indonesia on Thursday.

Indonesian April’s annual inflation rate rebounded to 2.83% on year, compared with March’s decade low of 2.48%, but remained between the Bank Indonesia’s (BI) 2.5-4.5% target range. The annualized core figure arrived at 3.05% vs. 3.03% previous and 3.04% expected.

Meanwhile, the monthly inflation reading for April came in at 0.44% vs. 0.32% expected and 0.11% last.

According to the latest Reuters poll, the April annual inflation rate was forecast by 13 analysts to accelerate to 2.69% on year, compared with March’s 2.48%.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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