Indonesian annual inflation rises in March
Xinhua, April 1, 2016 Adjust font size:
Indonesia's annual inflation rate picked up pace in March due to higher basic food prices, the statistics bureau said on Friday.
March's annual rate was 4.45 percent, higher than the 4.42 percent recorded a month earlier, the bureau said.
The consumer price index increased by 0.19 percent on a monthly basis after falling 0.09 percent in February, the agency added.
Core inflation, which excludes volatile food and administered prices and is more affected by Bank Indonesia's policy to manage demand, was 3.5 percent, lower than February's annual rate of 3.62 percent.
The central bank, which has slashed its benchmark reference rate three times totaling 75 points this year, targets 2016 inflation between 3-5 percent. The rate is currently at 6.75 percent.
The lender's next policy meeting is scheduled for April 20-21. Endit