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Indonesia's inflation picks up in April

Xinhua, May 2, 2017 Adjust font size:

The consumer price index (CPI) in Indonesia accelerated to the fastest pace in 13 months in April as administered price remained showing its effect despite of relatively stable food prices.

The national statistics bureau said on Tuesday that the CPI rose 4.17 percent in April from a year ago, compared with 3.61 percent in March.

Month-on-month inflation picked up 0.09 percent in April compared with 0.02 percent deflation in March, head of the bureau Kecuk Suhariyanto told a press conference.

Annual core inflation, excluding volatile foods prices and administered prices, eased to 3.28 percent in April from 3.30 percent in March, Suhariyanto added.

The government hiked electricity tariff at the beginning of March in an effort to trim subsidy in the sector.

The Indonesian central bank expects inflation to accelerate to between 3 and 5 percent this year.

Still, relatively subdued inflation may not lead the policy maker to apply loosening policy for the hawkish prospect of the U.S. Federal Reserve upcoming policy.

The government estimates the gross domestic product growth to be at 5.1 percent this year. Endit