Indonesia May CPI +4.33% on Year; +4.32% Expected

By I Made Sentana Features Dow Jones Newswires

The inflation rate in Indonesia continued to gain pace in May as basic food prices rose at the start of the Ramadan month of fasting.

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Year-over-year inflation accelerated to 4.33% in May from 4.17% in April. Compared with a month earlier, prices of goods and services rose 0.39% after rising by 0.09% in April, the official Central Statistics Agency said Friday.

The median forecast of 10 economists surveyed by The Wall Street Journal expected 4.32% year-over-year inflation, and 0.30% monthly inflation.

Basic food commodity prices, which include rice, spices, meats, and cooking oil, rose 0.86% in May from April, the agency said.

Core inflation, which excludes volatile food prices and prices regulated by the government, slowed to 3.20% in May.

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(END) Dow Jones Newswires

June 01, 2017 22:37 ET (02:37 GMT)