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Economy And The Numbers

Indonesia Inflation Tops Expectations In February

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Indonesia's inflation increased more-than-expected to 5.3 percent in February, the Central Bureau of Statistics said Friday.

Inflation was forecast to climb to 4.81 percent from an initially estimated 4.57 percent in January. Nonetheless, inflation remains within the target of 3.5 percent to 5.5 percent.

The central bank has maintained a record low 5.75 percent interest rate since March 2012 after slashing it by a quarter point in February.

On a monthly basis, consumer prices gained 0.75 percent in February. At the same time, core inflation came in at 4.29 percent, slightly down from 4.32 percent in the prior month.

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