JAKARTA: Indonesia’s inflation on a yearly basis accelerated more than expected in March to 3.05 per cent, the quickest since August, 2023, data from the statistics bureau showed on Monday (Apr 1).
A Reuters poll of economists had expected an inflation rate of 2.91 per cent in March. The February annual inflation rate was 2.75 per cent.
On a monthly basis, consumer prices rose 0.52 per cent, reflecting rising demand during the Islamic holy month of Ramadan, which started on Mar 12 in the country, the statistics bureau said.
Rising prices of food items like eggs, chicken and rice were the main contributors to the monthly inflation rate.
The bureau is due to release the annual core inflation rate data later on Monday.
