Indonesia’s Inflation Rate Surpasses Expectations in April

The Indonesian statistics bureau revealed that the country’s yearly inflation rate reached 1.95% in April. This figure exceeds projected estimates and positions inflation within the central bank’s established target range.

A consensus forecast from analysts, as indicated by a Reuters survey, anticipated an annual inflation rate of 1.60% for April.

Bank Indonesia has set its inflation target to remain between 1.5% and 3.5%.

Further details regarding core inflation are scheduled for release later today.