Financial News: Indonesian Inflation Rises To 3.05%, Highest In 7

Indonesian Inflation Rises To 3.05%, Highest In 7 Months

04/01/2024 - 02:37:00 (RTTNews)

(RTTNews) - Indonesia's consumer price inflation accelerated more-than-expected in March to the highest level in seven months, data from the statistics bureau showed on Monday.

The consumer price index climbed 3.05 percent year-on-year in March, faster than the 2.75 percent increase in February. Economists had expected inflation to rise to 2.91 percent.

The latest inflation rate was the highest since August 2023, when prices had risen by 3.27 percent.

Nonetheless, the inflation rate has remained within the central bank's target range of 2-4 percent.

Data also showed that core inflation rose somewhat to 1.77 percent in March from 1.68 percent a month ago. Economists had forecast a growth rate of 1.70 percent.

The annual price growth in food items accelerated to 7.43 percent from 6.36 percent.

Utility costs were 0.55 percent higher compared to last year, and transportation charges increased by 0.99 percent.

On a monthly basis, consumer prices rose 0.52 percent in March, versus an expected increase of 0.39 percent. The core consumer price index edged up 0.23 percent.

Separate official data showed that foreign tourist arrivals in Indonesia surged 38.24 percent annually and by 11.67 percent monthly in February, totaling 1.04 million visitors.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

European Economic News Preview: Eurozone Flash GDP Data Due (23 min(s), 05 sec(s) ago)
(RTTNews) - Flash quarterly national accounts from Eurozone and other major euro area economies ar ...Full Story»

China Manufacturing Sector Accelerates In April - Caixin (54 min(s), 55 sec(s) ago)
(RTTNews) - The manufacturing sector in China continued to expand in April, and at a faster pace, ...Full Story»

Australia Private Sector Credit Adds 0.3% In March (51 min(s), 55 sec(s) ago)
(RTTNews) - Private sector credit in Australia was up 0.3 percent on month in March, the Reserve B ...Full Story»

China Manufacturing PMI Slows To 50.4 In April - NBS (46 min(s), 55 sec(s) ago)
(RTTNews) - The manufacturing sector in China continued to expand in April, albeit at a slower pac ...Full Story»

Australia Retail Sales Slump 0.4% In March (41 min(s), 55 sec(s) ago)
(RTTNews) - The total value of retail sales in Australia was down a seasonally adjusted 0.4 percen ...Full Story»

Japan Retail Sales Slip 1.2% On Month In March (09 min(s), 55 sec(s) ago)
(RTTNews) - The value of retail sales in Japan was down a seasonally adjusted 1.2 percent on month ...Full Story»

Japan Industrial Output Climbs 3.8% On Month In March (03 min(s), 55 sec(s) ago)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 3.8 percent on month in Ma ...Full Story»

Japan Jobless Rate Holds Steady At 2.6% (44 min(s), 55 sec(s) ago)
(RTTNews) - The unemployment rate in Japan was a seasonally adjusted 2.6 percent in March, the Min ...Full Story»