Indonesia’s March annual inflation cools to 3.48% y/y

JAKARTA: Indonesia’s annual inflation rate cooled to 3.48% in March, official data showed on Wednesday, lower than the median forecast of 3.6% in a Reuters poll.

The February rate of 4.76% was the highest in nearly three years, but statistics officials had said the acceleration was temporary due to the impact of a discount on some electricity tariffs in the first two months of last year.

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Core inflation data will be released later on Wednesday.