JAKARTA : Indonesia's annual inflation rate eased to 4 per cent in May, matching the upper end of the central bank's target range earlier than expected, data from the statistics bureau showed on Monday.Inflation in Southeast Asia's largest economy had been above Bank Indonesia's (BI) 2 per cent to 4 per c
JAKARTA : Indonesia's annual inflation rate eased to 4 per cent in May, matching the upper end of the central bank's target range earlier than expected, data from the statistics bureau showed on Monday.
A Reuters poll of analysts had expected May inflation at 4.22 per cent. In April, the rate was 4.33 per cent. Pudji Ismartini, deputy head of the statistics bureau, attributed slowing inflation to declining airfares after the Eid al-Fitr festivities.
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