Off the wire
• Feature: Chewing on the hard bones of China's poverty  • Laos seeks return of missing millions from poltergeist projects, misappropriation  • Abortion drug a possible cure for breast cancer: research  • Urgent: 5 leftwing rebels killed by Indian security forces  • Indian stocks open higher  • Australian central bank leaves rates on hold for 11th straight month  • Myanmar's union parliament resets March 10 for presidential run  • Myanmar, Czech vow to promote sectoral cooperation  • 1st LD-Writethru: China's non-manufacturing PMI slips in February  • Latest Australian Zika test results "inconclusive": health authorities  
You are here: 　 Home

Indonesia's inflation rate accelerates to 4.42 pct in February

Xinhua, March 1, 2016 Adjust font size:

Indonesia's annual inflation rate in February slightly rose to 4.42 percent from a year earlier compared with January as food prices pick up.

The national statistic bureau announced on Tuesday in Jakarta that February's annual rate was higher than the 4.14 percent recorded last month.

The consumer price index fell 0.09 percent on monthly basis, slowing from 0.51 percent in January, as food prices and electricity tariff dipped, Suryamin, head of the bureau said. However, the pace of price declines was deeper last year, the annual rate still increased.

Core inflation, excluding volatile components and prices determined by the government, stood at the same level as January's at 3.62 percent.

The subdued inflation, coupled with Bank Indonesia's inflation estimation at 3-5 percent range, may allow the central bank to continue easing its policy rate at its governor board meeting on March 16 and 17.

Last month, the central bank slashed its interest rate by 0.25 percent to 7.0 percent for a second time this year as its strives to prop up GDP growth which picked up at the final quarter of last year. Endit