Indonesia’s Inflation Accelerates in April Amid Higher Fuel Prices
[Updated 12:01 p.m. on Monday, May 4, 2015 to include food and fuel price increases]
Jakarta. Indonesia’s inflation accelerated in April due to higher fuel and food prices.
The consumer price index rose 6.79 percent year-on-year in April, the Central Statistics Agency (BPS) reported on Monday. That was higher than the 6.38 percent increase in March.
The annualized core inflation, which excludes government-administered prices like fuel prices and volatile food prices, was unchanged at 5.04 percent.
The price of Premium, the low-octane gasoline widely used by the public, has been gradually rising in the past two months, from Rp 6,600 a liter to Rp 7,400.
Meanwhile, costs for food — including rice, which is the staple for many Indonesians — have also risen gradually since early this year, partly on concerns over possible supply shortages.
The post Indonesia’s Inflation Accelerates in April Amid Higher Fuel Prices appeared first on The Jakarta Globe.
Source: The Jakarta Globe