Indonesia’s inflation rate cools in May, comes in below forecast

2024.06.03 00:18

JAKARTA (Reuters) – Indonesia’s annual inflation rate eased more than expected to 2.84% in May from 3.0% in April, data from the statistics bureau showed on Monday, remaining within the central bank’s 1.5% to 3.5% target range.

A Reuters poll of analysts had expected a rate of 2.94% in May.

The bureau will release core inflation data later on Monday.

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