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.
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.
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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)