Indonesia: Inflation declines further in February
Consumer prices decreased 0.08% in February from the previous month, contrasting January’s 0.32% increase. February’s print was driven by lower food prices.
Inflation dipped to 2.6% in February from 2.8% in January, marking the lowest reading since 2009 but remaining just within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation was unchanged at 3.1%.