JAKARTA: Indonesia’s annual inflation rate accelerated in March compared with a month before, but remained within the central bank’s target range, data from the statistics bureau showed on Monday.
The headline consumer price index (CPI) in March rose 3.40% from a year ago, slightly above the median forecast of 3.32% in a Reuters poll.
The annual inflation rate in February was 3.18%.
On a monthly basis, consumer prices rose 0.20%.
The annual core inflation rate, which strips away government-controlled and volatile food prices, was 2.67% in March, up from February’s 2.58%.
Bank Indonesia targets inflation to be within a range of 2.5% to 4.5% this year. The next central bank’s policy meeting is scheduled for April 18-19.