JAKARTA: Indonesia’s inflation rate accelerated slightly in May to 3.55%due to rising food prices and airfares, official data showed on Thursday, roughly in line with market expectations and within the central bank’s target range.
A Reuters poll had expected May’s annual inflation rate of 3.60%.
Bank Indonesia targets 2022 headline inflation within a range of 2% to 4%.
The annual core inflation rate barely changed in May from a month earlier, at 2.58% versus April’s 2.60%.
The poll had expected a rate of 2.70%.