Indonesia: Inflation stable in March
Consumer prices rose a seasonally-adjusted 0.10% over the previous month in March, matching February’s increase. March’s result was driven largely by higher prices for food and tobacco more than offsetting lower prices for transportation.
Inflation remained stable at February’s 1.4% in March, therefore remaining below Bank Indonesia’s 2.0%–4.0% target range. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 1.7% in March (February: 1.8%). Core inflation came in at 1.2%, down from February’s 1.5%.