Indonesia May inflation at 7.32 pct y/y, near forecast

Bareksa.com - The annual inflation rate in Indonesia, Southeast Asia's biggest economy, picked up in May but was near analysts' forecasts, data from the statistics bureau showed on Monday.

The consumer price index in May rose 7.32 percent from a year earlier. On a month-on-month basis, the CPI was up 0.16 percent.

The median forecasts in a Reuters poll were for an annual inflation rate of 7.30 percent in May and core inflation of 4.69 percent.

Below are details on May inflation. The statistics bureau adopted 2012 as the new base year starting with the January data:

y/y previous m/m previous
CPI 7.32 +7.25 0.16 -0.02
Core 4.82 +4.66


Reuters forecasts
CPI y/y +7.30
CPI m/m +0.11
Core y/y +4.69

Bank Indonesia 3.5-5.5
target